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Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
Source: Business Standard He further noted that the underdeveloped financial system and the limited market for infrastructure debt have made the sector heavily dependent on banks | File image 2 min read Last Updated : Sep 12 2024 | 12:15 PM IST The National Bank for Financing Infrastructure and Development (NaBFID) should aim to…
Source: Business Standard Meanwhile, dollar-rupee forward premiums dipped, with the 1-year implied yield down 2 bps at 2.23%, retreating from a 16-month peak in the previous session (Photo: Shutterstock) 2 min read Last Updated : Sep 12 2024 | 11:23 AM IST The Indian rupee was little changed on Thursday, holding above its lifetime…
Source: Business Standard The proposed rules considered the liquidity profile of all banks and 5 per cent “does not seem over the top,” a third source aware of the matter said | (Photo: Shutterstock) 3 min read Last Updated : Sep 11 2024 | 2:35 PM IST India’s central bank will stick to its…
Source: Business Standard Enforcement Directorate | Photo: X @dir_ed 2 min read Last Updated : Sep 11 2024 | 9:26 PM IST India enforcement agency seized Rs 12.9 lakh ($15,360) during searches at Axis Mutual Fund’s offices in Mumbai and Kolkata related to an ongoing investigation of front-running, the agency said on Wednesday. …
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 8:06 PM IST The outstanding balance in the Sukanya Samriddhi Yojana (SSY) grew from Rs 77,472 crore in February 2023 to Rs 1 lakh crore in February 2024, according to data from the Reserve Bank of India. SSY registered a 41…
Source: Business Standard 2 min read Last Updated : Sep 10 2024 | 11:08 AM IST The Reserve Bank of India (RBI) has turned down Canara Bank’s proposal to establish a credit card subsidiary, a move that the government-owned lender believed would boost its growing card business, reported The Economic Times. Currently, Canara…
Source: Business Standard The rupee was at 83.93 against the US dollar as of 10:20 am IST | Representational 2 min read Last Updated : Sep 09 2024 | 11:05 AM IST The Indian rupee was nearly flat on Monday, supported by market expectations that the Reserve Bank of India (RBI) will not allow…
Source: Business Standard 4 min read Last Updated : Sep 09 2024 | 12:14 PM IST Shares of public sector banks (PSBs) are down for the second straight day, falling by up to 4 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade. Shares of PSBs extended their Friday’s decline after Goldman…
Source: Business Standard Asian equities and currencies declined following Friday’s selloff in US equities on concerns over the US growth outlook | Representational 2 min read Last Updated : Sep 09 2024 | 8:46 AM IST The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies…
