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India's forex reserves rise by $1.03 billion to $687.26 billion
Updated : 3 months ago IST
India's foreign exchange reserves rose marginally, by USD 1.033 billion in the week that ended December 5 to USD 687.260 billion, driven by a jump in gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
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RBI DG raises concerns over growing prominence of stablecoins
Updated : 3 months ago IST
"Over time, the form of money has evolved with technology - from commodities to metal to paper to balances in deposit accounts to now, digital tokens. While the forms of money have evolved with technology, the fundamental character of money - what it represents, or what gives it credibility
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RBI to conduct Rs 50,000 crore OMO purchase on December 18
Updated : 3 months ago IST
According to the statement, the OMO purchase will be carried out through a multi-security auction using the multiple price method. The operation will cover government securities maturing between 2029 and 2054, including 6.75% GS 2029, 6.10% GS 2031, 6.54% GS 2032, 7.18% GS 2033, 6.33% GS 203
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India's cloud data centre capacity reaches 1,280 MW, to grow 4-5 times by
Updated : 3 months ago IST
The cloud data centre capacity in India has reached approximately 1,280 MW, largely serving critical sectors such as banking, power and other critical public infrastructure,
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EOU raids Govt Officers' 6 locations in Bihar over disproportionate assets
Updated : 3 months ago IST
The Economic Offences Unit (EOU) in Bihar on Friday conducted simultaneous raids at six locations linked to Bhavesh Kumar Singh, Development Officer of Pataliputra Central Cooperative Bank, on suspicion of possessing disproportionate assets to his known income.
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FYERS American Gambits Welcome S45 as Co-Sponsor for Global Chess League S
Updated : 3 months ago IST
Bengaluru (Karnataka) [India], December 12: The FYERS American Gambits, one of the Global Chess League's most analytics-led and innovation-driven teams, have onboarded S45, India's first AI-native investment bank founded by Deepank Bhandari, Pankaj Harlalka, Aman Singh and Tushar Sharma, as
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HSBC India Opens New Branch In Amritsar To Support Wealth Expansion
Updated : 3 months ago IST
New Delhi [India], December 12: HSBC India today unveiled its new branch in Amritsar, Punjab, marking a significant step in its strategic expansion across the country. This launch signifies the bank's 28th branch in India following the Reserve Bank of India's approval earlier this year to op
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India Fintech Forum Flagship Event IFTA Focused on BFSI Concludes its 10th
Updated : 3 months ago IST
Mumbai (Maharashtra) [India], December 12: The India FinTech Forum concluded the 10th edition of the India FinTech Awards (IFTA) on 10 December 2025 at Aurika, Mumbai. Supported by Association of Mutual Funds in India (AMFI), State Bank of India (SBI) and Indian Clearing Corporation Limited
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Fed rate cut eases pressure on rupee; India seen stable on FX, bonds: Repo
Updated : 3 months ago IST
The US Federal Reserve's latest 25-basis-point rate cut has set the stage for a complex global monetary backdrop, but its implications for India are expected to be relatively stable, according to analysis from YES Bank's Economics Research team.
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Weak household savings continue to weigh on bank deposit growth: Report
Updated : 3 months ago IST
The report flags sluggish household deposit accretion and muted growth in low-cost deposits as the key structural challenges for banks in the current cycle. While deposits have broadly grown in double digits, momentum has failed to keep pace with credit growth.
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"Mamata Banerjee only does vote-bank politics": BJP's Rekha Sharma slams W
Updated : 3 months ago IST
"She has already gone into campaign mode... She (Mamata Banerjee) only does vote-bank politics. For the entire 5 years, she has only done vote-bank politics; she has no other work besides that," Sharma said to ANI.
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Jairam Ramesh accuses BJP of pitting Tagore against Bankim Chandra in deba
Updated : 3 months ago IST
Ramesh alleged that the BJP's strategy to pit Rabindranath Tagore against Bankim Chandra Chattopadhyay had backfired.
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