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  India's forex reserves fall to USD 675.653 billion as of November 8, says RBI

  Business | November 15, 2024 17:54 IST

  The fall is attributed to a dip in foreign currency assets, which form the largest component of the reserves. These assets saw a reduction in valuation as the dollar strengthened against major global currencies.

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  Retail inflation hits 14-month high, rises to 6.21 per cent in October

  Business | November 12, 2024 17:11 IST

  India’s retail inflation surged to 6.21% in October, a 14-month high driven by rising food and fuel prices, while industrial output expanded by 3.1% in September.

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  RBI makes changes in framework for reclassification of FPI to FDI | Check new norms

  Business | November 11, 2024 15:59 IST

  The Reserve Bank of India (RBI) issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.

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  India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

  Business | November 08, 2024 18:53 IST

  India’s foreign exchange reserves declined for the fifth consecutive week, dipping by $2.675 billion to $682.130 billion. This trend may indicate RBI’s market intervention to support the rupee amid currency volatility. Discover how reserve changes impact India’s economy and stability.

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  November 2024 Bank Holidays: 13 days of bank closures across India, details inside

  October 29, 2024 14:50 IST

  Get the complete list of bank holidays in November 2024 with 13 closures across India, including Diwali, Chhath Puja, and Guru Nanak Jayanti. Know which states are affected and plan for banking needs. Access digital banking during these holidays.

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  India's forex reserves drop USD 2.16 billion to USD 688.26 billion for week ending on October 18

  Business | October 25, 2024 17:56 IST

  In the week ending October 18, India’s foreign exchange reserves witnessed a decrease primarily driven by a significant drop in Foreign Currency Assets (FCA), one of the largest components of the reserves.

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  Diwali bank holiday 2024: Banks to remain shut on October 31 in these states, check full list

  Business | October 21, 2024 17:36 IST

  Diwali Bank Holiday 2024: As per the RBI bank holiday calendar, the banks are closed on Sundays and the second and fourth Saturdays of the month in addition to holidays.

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  India's forex reserves drop by $ 10.746 bn to $690.43 bn for week ending on October 11

  Business | October 18, 2024 17:50 IST

  In the previous reporting week, the reserves had dropped by USD 3.709 billion to USD 701.176 billion, as per the RBI data.

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  September inflation hits 9-month high: Will it delay RBI's rate cut plans?

  Business | October 15, 2024 13:48 IST

  India’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.

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  India's forex reserves drop $3.709 billion to $701.176 billion for week ended October 4: RBI

  Business | October 11, 2024 17:30 IST

  India's forex reserves dropped $3.709 billion to $701.176 billion for week ended October 4.

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  RBI increases UPI Lite, UPI 123PAY transaction limits to boost 'digital payments'

  Business | October 09, 2024 11:54 IST

  The Reserve Bank of India (RBI) has raised the transaction limits for UPI Lite and UPI 123PAY, increasing accessibility to digital payments. The UPI Lite limit has risen from Rs 500 to Rs 1,000, while UPI 123PAY limits have doubled to Rs 10,000.

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  RBI’s MPC meeting concludes, UPI transaction limits changed, repo rate steady | Key takeaways

  Business | October 09, 2024 11:02 IST

  The Reserve Bank of India Governor as ex-officio chairman of the Monetary Policy Committee commenced the three-day meeting on October 7 which concluded today. It was anticipated that the repo rate would be reduced this time considering the rate cuts by the US Feds.

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  RBI keeps repo rate unchanged at 6.5 per cent for 10th consecutive time

  Business | October 09, 2024 10:39 IST

  The Reserve Bank of India (RBI) has kept the benchmark repo rate unchanged at 6.5% for the 10th consecutive time, maintaining its focus on inflation control while balancing economic growth.

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  RBI, Maldives Monetary Authority sign currency swap pact to strengthen cooperation

  Business | October 07, 2024 21:04 IST

  As part of the agreement, the MMA is eligible for financing support from the RBI amounting to $400 million under the US Dollar/Euro Swap Window and Rs 30 billion (Rs 3,000 crore) under the INR Swap Window. The RBI added that the agreement would be valid till June 18, 2027.

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  RBI to take decision on repo rate, three-day monetary policy committee meeting begins today

  Business | October 07, 2024 11:34 IST

  The 3-day Monetary Policy Committee (MPC) meeting will conclude on October 9. The outcome of the meeting is eagerly awaited as the RBI has kept the repo rate steady for the last nine consecutive months.

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  India’s forex reserves hit record high of USD 704.88 billion, surging by USD 12.58 billion

  Business | October 04, 2024 18:06 IST

  The sharp increase in forex reserves strengthens India's ability to cushion against global economic uncertainties and provides greater stability to its currency in the face of volatile international markets.

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  RBI unlikely to cut rates amid strong economic growth, says SBI report

  Business | October 03, 2024 13:25 IST

  The Reserve Bank of India (RBI) is unlikely to announce a rate cut in its upcoming monetary policy meeting, according to a report by the State Bank of India (SBI). With India experiencing robust economic growth that surpasses capacity, the RBI is expected to maintain current interest rates.

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  RBI monetary policy: Central bank unlikely to cut report rate or change status on Oct 9

  Business | October 02, 2024 17:48 IST

  Despite inflation falling below the apex bank's target of 4 per cent for the past two months, the policy rates will not change in the MPC meeting commencing on October 7, as per BoB report.

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  Bank holidays in October 2024: Banks to remain closed for 15 days, check full list here

  Business | September 30, 2024 19:07 IST

  Bank holidays: The bank customers must note that the RBI classifies holidays into three categories such as Real-Time Gross Settlement Holiday, Banks’ Closing of Accounts Holiday, and Holidays Under the Negotiable Instruments Act.

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  India's forex reserve gained $66 billion in 2024, may cover year of projected imports

  Business | September 15, 2024 15:57 IST

  So far this year's gains exceed India's cumulative foreign exchange rise in 2023. The rise in foreign exchange reserves, which saw a $71 billion dip in 2022, is significant in preventing the effects of global economic headwinds on the domestic economy.