New Delhi : India’s total exports surged to a historic high of $824.9 billion in the financial year 2024–25, according to the latest data released by the Reserve Bank of India (RBI). This figure includes updated services trade data for March 2025, and marks a 6.01 percent increase over the previous year’s total exports of […]
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New Delhi : The Reserve Bank of India (RBI) on Wednesday unveiled its first monetary policy decision for the financial year 2025–26 (FY26) against the backdrop of heightened global trade tensions and emerging macroeconomic headwinds. The three-day Monetary Policy Committee (MPC) meeting, chaired by newly appointed RBI Governor Sanjay Malhotra, concluded today, with the policy […]
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New Delhi : The Indian stock market witnessed a sharp decline at the opening bell on Tuesday, March 11, as major indices and sectoral stocks fell into negative territory. The downturn was driven by a significant sell-off in IT, mid and small-cap IT, telecom, and financial services stocks, reflecting weak investor sentiment and cautious trading […]
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New Delhi : Despite persistent foreign portfolio investor (FPI) outflows and mounting global economic pressures, the Indian Rupee demonstrated resilience in February, avoiding sharp depreciation. A report by the Bank of Baroda attributes this stability to a relatively steady US dollar and strategic interventions by the Reserve Bank of India (RBI). The report highlights that […]
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New Delhi : Indian benchmark indices opened in negative territory on Tuesday, March 4, 2025, tracking weak global cues and investor concerns over economic uncertainties. The 30-share BSE Sensex dropped 268.6 points or 0.36% to open at 73,085.94, while the NSE Nifty 50 fell 144.85 points or 0.65% to slip below the crucial 22,000-mark, opening […]
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New Delhi : The Reserve Bank of India (RBI) has imposed a monetary penalty of thirty-nine lakh rupees on Citibank N.A. for non-compliance with certain provisions related to the Large Exposures Framework (LEF) and Furnishing of Credit Information to Credit Information Companies (CICs). The penalty was levied under the Banking Regulation Act, 1949, following an […]
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New Delhi : The Indian rupee continued its range-bound trade on Monday, depreciating by 5 paise to 86.76 against the US dollar in early trading. Forex traders attributed this weakness to a combination of significant foreign fund outflows and a negative trend in domestic equities. The rupee is currently facing a negative bias, as foreign […]
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New Delhi : Domestic benchmark indices have remained volatile throughout the past week, with concerns over slowing Quarter 3 earnings weighing heavily on investor sentiment. As the Union Budget approaches, market experts are keen to gauge how the stock market will react, particularly given the anticipated global inflation data and domestic economic indicators. Foreign fund […]
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Mumbai : In a distressing case of cyber fraud, a 65-year-old woman from Mumbai has lost a staggering ₹1.30 crore to scammers posing as officials from various organizations, including the Customs Department, Reserve Bank of India, and the International Monetary Fund. The victim, who lived in the Chandivali area of Powai until June 2024 before […]
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Bhubaneswar, Aug 31 2024 : Reserve Bank of India (RBI) Governor Shaktikanta Das expressed confidence in the further global expansion of the Unified Payments Interface (UPI), predicting that it will grow and internationalize in several more countries. During his ongoing five-day visit to Odisha, Das highlighted that UPI has already established a presence in numerous […]
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