The Indian rupee traded in a narrow range against the US dollar in early trade on Friday, showing a marginal recovery of 3 paise to 84.47. Geopolitical tensions, foreign portfolio outflows, and a stronger US dollar continue to pressure the currency
22 November,2024 10:25 AM IST | Mumbai
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed an MoU to enable cross-border transactions using the Indian Rupee (INR) and Maldivian Rufiyaa (MVR). This initiative aims to reduce transaction costs, enhance trade efficiency, and strengthen economic ties between the two nations
22 November,2024 08:40 AM IST | Mumbai
The caller identified themselves as the “CEO of Lashkar-e-Taiba” and abruptly ended the call after cryptically stating, “Close the back door; the electric car has broken down”
17 November,2024 12:04 PM IST | Mumbai | Faizan Khan
British author Samantha Harvey won the prestigious Booker Prize 2024 on Tuesday for her short novel ‘Orbital’
13 November,2024 08:12 PM IST | London | mid-day online correspondent
The rupee slipped to an all-time low of 84.40 against the US dollar, pressured by persistent foreign fund outflows and rising inflation. The Reserve Bank’s intervention has limited sharper declines, but global pressures continue to weigh on the rupee and domestic equities.
13 November,2024 10:35 AM IST | Mumbai
SBI Research has stated that a rate cut by the RBI is unlikely in February 2025 due to persistent inflation. While inflation is expected to ease slightly from January, it will mainly be driven by base effects, not a significant reduction in price pressures.
13 November,2024 09:25 AM IST | New Delhi
Bank of Baroda projects India’s GDP growth at 6.9 percent for Q2 FY25, citing strong domestic demand and positive economic indicators. The festive season and increased government spending are expected to support sustained growth, though inflationary pressures may affect future policy decisions.
12 November,2024 12:37 PM IST | New Delhi
A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.
12 November,2024 10:32 AM IST | New Delhi
Parents curb own screen time to raise kids on a minimal diet of TV, tablet, phone and laptop
10 November,2024 05:02 PM IST | Mumbai | Anand Singh
The Sensex and Nifty fell in early trade, impacted by sustained foreign fund outflows and weak performances from key stocks. Analysts attribute the decline to inflation concerns, investor exits, and cautious sentiment ahead of RBI’s upcoming policy review.
08 November,2024 10:44 AM IST | MumbaiADVERTISEMENT
