The domestic benchmark indices opened flat on Thursday as bulls and bears attempted to pull the markets towards their sides amid external pressure, even as domestic indicators offered support.
The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.5 per cent and maintain its existing stance in the upcoming December Monetary Policy Committee (MPC) meeting, a report by YES Bank said.
Indian rupee breached the 90 mark against USD on Wednesday morning, extending its depreciation run through sessions now, and in the process hitting a fresh all-time low for the Indian currency.
The domestic benchmark indices witnessed selling pressure on Wednesday's opening trade as the weakening Rupee and cautious investor sentiment weighed on the markets.
While answering an unstarred question in Rajya Sabha, the Minister of State (MoS), Ministry of Finance, Pankaj Chaudhary, said, "The process of complaint resolution is being streamlined through revision in the Reserve Bank-Integrated Ombudsman Scheme."
New Delhi [India], December 2: Orient Exchange, one of India's most trusted RBI-authorised foreign exchange providers, has launched a traveller-friendly Buy Back Guarantee offer, allowing customers to return unused foreign currency at the same rate they purchased it. This benefit shields tra
Analysts attribute the tightening to a combination of seasonal currency leakage, muted government spending, tax outflows, and most notably, heavy unsterilized foreign exchange intervention by the RBI.
The Indian economy is expected to grow at 7 per cent in the current fiscal 2025-26, and subsequently moderate to 6.7 per cent in the next, Dharmakirti Joshi, Chief Economist, CRISIL Limited, told ANI in an exclusive interview.
Payments and banking platform Razorpay for Businesses on Tuesday announced that it has secured the Payment Aggregator - Cross Border (PA-CB) license from the Reserve Bank of India (RBI).
The Reserve Bank of India (RBI) is expected to maintain the repo rate at 5.50 per cent in its upcoming monetary policy announcement on Friday, according to a report by Bank of Baroda.