Home
News Shots
Trending
Menu
×
ADVERTISEMENT
ADVERTISEMENT
Homebusinesseconomy

Economy

India's forex reserves plunge $17.76 bn to $657.89 bn

For the week ended November 15, foreign currency assets, a major component of the reserves, decreased by USD 15.548 billion to USD 569.835 billion, the data released on Friday showed.
22 November 2024, 13:13 IST
India's forex reserves plunge $17.76 bn to $657.89 bn
India's forex reserves plunge $17.76 bn to $657.89 bn

India's forex reserves plunge $17.76 bn to $657.89 bn

22 November 2024, 13:13 IST

RBI asks lenders to cut speculative bets against rupee

The RBI's financial market regulations department informally communicated the instructions to banks, the bankers said. The RBI did not immediately respond to an email seeking comment.
22 November 2024, 11:25 IST
RBI asks lenders to cut speculative bets against rupee
RBI asks lenders to cut speculative bets against rupee

RBI asks lenders to cut speculative bets against rupee

22 November 2024, 11:25 IST

Robust services drive India's business activity to 3-month high in Nov, cost pressures grow

HSBC's flash India Composite Purchasing Managers' Index , compiled by SP Global, rose to 59.5 this month from October's final reading of 59.1, taking the expansionary streak to 40 months.
22 November 2024, 06:15 IST
Robust services drive India's business activity to 3-month high in Nov, cost pressures grow
Robust services drive India's business activity to 3-month high in Nov, cost pressures grow

Robust services drive India's business activity to 3-month high in Nov, cost pressures grow

22 November 2024, 06:15 IST

RBI likely selling dollars to support rupee near record low, traders say

The RBI will likely 'try and hold 84.42-84.43 levels for the day, as there is a lot of buying pressure right from the start (of the session),' a trader with a private bank said.
21 November 2024, 04:27 IST
RBI likely selling dollars to support rupee near record low, traders say
RBI likely selling dollars to support rupee near record low, traders say

RBI likely selling dollars to support rupee near record low, traders say

21 November 2024, 04:27 IST

India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: ICRA

Official data for the Q2 economic activity is expected to be published on November 30.
20 November 2024, 15:35 IST
India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: ICRA
India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: ICRA

India's GDP growth likely to slip at 6.5%, maintains 7% estimate for FY25: ICRA

20 November 2024, 15:35 IST

Growth likely to have slowed in Q2, FY25 capex may undershoot Budget estimates: Ajay Seth

He, however, added that some other indicators, especially e-way bills or e-invoices in October, do not show any signs of slack in activity.
20 November 2024, 14:47 IST
Growth likely to have slowed in Q2, FY25 capex may undershoot Budget estimates: Ajay Seth
Growth likely to have slowed in Q2, FY25 capex may undershoot Budget estimates: Ajay Seth

Growth likely to have slowed in Q2, FY25 capex may undershoot Budget estimates: Ajay Seth

20 November 2024, 14:47 IST

India plans minority stake sale in four state-run banks: Report

The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
19 November 2024, 05:44 IST
India plans minority stake sale in four state-run banks: Report
India plans minority stake sale in four state-run banks: Report

India plans minority stake sale in four state-run banks: Report

19 November 2024, 05:44 IST

FM bats for affordable interest rates at SBI meet

'At a time when we want industries to ramp up and move building capacities, our bank interest rates will have to be far more affordable,' Sitharaman said
19 November 2024, 03:05 IST
FM bats for affordable interest rates at SBI meet
FM bats for affordable interest rates at SBI meet

FM bats for affordable interest rates at SBI meet

19 November 2024, 03:05 IST

GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation

The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, may also take up some rate rationalisation exercise and reduce tax rates on a host of common man items from 12% to 5% slab as per the recommendations of a panel of state ministers.
18 November 2024, 13:24 IST
GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation
GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation

GST Council to meet in Jaisalmer on December 21; may decide on insurance levy, rate rationalisation

18 November 2024, 13:24 IST

Indian economy well placed to handle any kind of spillovers from global events: RBI Guv

Das also cited that India has one of the largest foreign exchange reserves in the world at about USD 675 billion.
17 November 2024, 02:07 IST
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv

Indian economy well placed to handle any kind of spillovers from global events: RBI Guv

17 November 2024, 02:07 IST