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FTX founder Samuel Bankman-Fried arrested in Bahamas at US govt's request
Updated : 3 years, 3 months ago IST
Samuel Bankman-Fried was arrested after the United States prosecutors registered criminal charges against him.
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RBI report on inflation mandate failure cannot be made made public, govern
Updated : 3 years, 3 months ago IST
Union minister of state in the ministry of finance Pankaj Chaudhary on Monday informed Lok Sabha that the relevant section of the RBI Act, 1934, does not provide provisions to the Reserve Bank of India for making the report, which was written to the Centre after having failed to fulfil its i
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Bringing efficiency in cross-border payments among motivations behind whol
Updated : 3 years, 3 months ago IST
Bringing efficiency in cross-border payments is another important motivation for introducing Central Bank Digital Currency in the wholesale segment.
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India's retail inflation hits 11-month low in November, at 5.88 per cent
Updated : 3 years, 3 months ago IST
India's retail inflation rate based on Consumer Price Index declined to 5.88 per cent in November from 6.77 per cent during the previous month, according to data released on Monday by the ministry of statistics.
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USD33.42 bn sales in Apr-Sep FY 23 by RBI to contain Rupee fall: Sitharama
Updated : 3 years, 3 months ago IST
Typically, the RBI from time to time intervenes in the markets through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.
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Djibouti struggles to repay Chinese loan, suspends debt repayments
Updated : 3 years, 3 months ago IST
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
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Foreign investors purchase 3.6 trillion won of Korean stocks and bonds
Updated : 3 years, 3 months ago IST
Seoul [South Korea], December 12 (ANI/Global Economic): Foreign investors have bought domestic stocks and bonds for 2 consecutive months due to expectations for the US Fed to scale back the pace of its interest rate hikes and higher sales performance of major companies.
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Indian Rupee strong against every currency, RBI intervened in markets: Sit
Updated : 3 years, 3 months ago IST
Replying to a question in Lok Sabha, Sitharaman said the Reserve Bank of India has used the available foreign exchange reserves that it had in order to intervene in the markets to make sure that the Dollar-Rupee does not fluctuate too much.
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Decentraland and Dogeliens are worth investing, According to crypto expert
Updated : 3 years, 3 months ago IST
New Delhi [India], December 12 (ANI/ATK): The crypto market is one of the most disruptive innovations in the financial market today. Everything about the crypto industry defies the traditional model of operation. The crypto industry threatens the monopoly the financial market has enjoyed for
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Repo rate hikes hitting industry bottom line, reliefs needed: Karnataka's
Updated : 3 years, 3 months ago IST
"There are no two views that taming inflation is critical," said BV Gopal Reddy, president, Federation of Karnataka Chambers of Commerce and Industry (FKCCI). "But at the same time the measures that are contemplated should not adversely affect businesses. Otherwise, it will have the result o
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Rs 1.25 lakh cr black money recovered by Government: Union Minister Ashwin
Updated : 3 years, 3 months ago IST
Union Minister Ashwini Vaishnaw on Monday said that as many as Rs 26 lakh crore have been directly transferred to the bank accounts of people under various schemes launched by Prime Minister Narendra Modi.
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Pak: ADB refuses to extend loan signing period as Punjab fails to gather s
Updated : 3 years, 3 months ago IST
The "Loan 4167--PAK: Greater Thal Canal Irrigation Project" worth USD 200 million was due to be spent on constructing the next phase of the GTC Project in Punjab.
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