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Rupee hits record low, pressured by strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
Fortune India
31m
RBI sounds alarm on unsecured loans; wants stricter oversight as risks persist
RBI says unsecured loans present "higher credit risk" and that its share in total credit of banks has been increasing since ...
12m
on MSN
RBI allows UPI access for prepaid payment instruments via third-party applications
The Reserve Bank of India (RBI) on Friday allowed UPI access for prepaid payment instruments (PPI) via third-party ...
cnbctv18
31m
RBI’s new rule allows PPIs to use UPI through third-party apps
The RBI has allowed Prepaid Payment Instruments (PPIs) to access UPI through third-party apps, marking a significant step ...
6h
on MSN
What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
The RBI report on banking trends and progress shows health of India’s banking system remained robust, with banks’ ...
Moneylife
46m
RBI Highlights Rising Risks in Unsecured Lending and Private Credit Markets
The Reserve Bank of India (RBI) has raised concerns about the growing risks associated with unsecured lending and private ...
1h
Don’t paint all of them with RBI’s brush: 7 stocks in the financial services sector with upside potential of up to 51%
Once again the RBI has issued warnings to banks and NBFCs to mend their ways. It is not the first time this has happened, nor ...
Businessworld
27m
RBI Sets Up 8-member Committee To Recommend Framework For Ethical AI In Financial Sector
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework ...
The Financial Express
4h
Will RBI block your bank account? Here’s what you need to know
Does RBI contact the public through unsolicited phone calls or emails to intimidate them regarding their bank account getting ...
devdiscourse
21h
RBI's Alarming Spike in Banking Frauds: A Wake-up Call for the Financial Sector
Recent RBI data highlights a concerning surge in bank frauds in India, with cases spiking significantly in the current fiscal ...
3h
Ethical use of AI in financial sector: RBI sets up Committee, Prof Pushpak Bhattacharyya appointed chairperson
The Reserve Bank of India (RBI) has set up a Committee to develop a Framework for Responsible and Ethical Enablement of ...
1h
RBI allows UPI payment to prepaid instruments via third party apps
It has been decided to enable UPI payments from / to full-KYC PPIs through third-party UPI applications,' says RBI in a circular ...
5h
Singh’s contributions as architect of India’s economic reforms have left indelible mark: RBI Governor
RBI Governor praises Dr. Manmohan Singh's economic reforms, highlighting his legacy as a visionary economist and former Prime ...
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