Rupee hits new all-time low of 80.88 against US dollar
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.
reserve bank
September 2022
August 2022
ADB cuts India GDP growth forecast to 7% for FY23
India's GDP estimates for FY24 also slashed to 7.2% from 8.0%; ADB says inflation will remain elevated in this, next fiscal year
Tokenisation: New credit, debit card rules to kick in from Oct 1
From October 1, your credit or debit card details will be automatically deleted from merchant platforms. Here's what you can do.
RBI directs urban cooperative banks to appoint compliance chiefs by 2023
Tier 4 urban cooperative banks (UCBs) – lenders with deposits above ₹10,000 crore – have been asked to appoint a chief compliance officer by April 1, 2023.
Retail inflation rises back to 7% in August
India’s retail inflation remains above the central bank’s upper tolerance band of 6% for the eighth straight month now.
FinMin, RBI draw plan to root out illegal loan apps
RBI to soon come out with a “whitelist” of all ‘legal loan apps’ operating in country; MeitY to ensure only they get hosted on app stores
Investor alert! RBI says forex trading on these 34 platforms is illegal
List includes Alpari, AnyFX, Ava Trade, Binomo, eToro, Exness, among others; RBI says people can undertake forex transactions only with authorised persons or ETPs
CCI nod to PayU’s $4.7 billion acquisition of BillDesk
The deal is touted to be the second largest internet deal after the acquisition of Flipkart by the U.S. retail behemoth Walmart Inc.
India to see double-digit growth in Q1 FY23, say economists
SBI Research says India’s GDP could grow at 15.7% in the June quarter, while ICRA thinks the economic growth is projected to spike to a four-quarter high of 13%
Wholesale inflation eases to 13.93% in July
Commerce ministry says wholesale inflation contributed by rising prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, etc; in double-digit since April 2021
