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Inflation likely to ease to 5.4 per cent in November on decline in vegetab
Updated : 1 year, 3 months ago IST
India's Consumer Price Index (CPI) inflation is expected to ease to 5.4 per cent in November 2024, down from 6.2 per cent in October, according to a report by Union Bank of India.
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Notable decline in forex reserve because RBI using forex to manage currenc
Updated : 1 year, 3 months ago IST
The recent decline in India's forex reserve from USD 705 billion to USD 656.58 billion is because the central bank is using forex reserve to manage currency volatility says a report by Union Bank of India.
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RBI may explore other liquidity tools like open market operations (OMOs) a
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) may keep the current policy rates unchanged in the ongoing Monetary Policy Committee (MPC) meeting, according to a report by the Union Bank of India.
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India's fiscal deficit on track, but spending challenges persist, govt. ha
Updated : 1 year, 3 months ago IST
The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India.
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Innovative Reforms and Dedication: AIUBOSA's Path to Success
Updated : 1 year, 3 months ago IST
Chennai (Tamil Nadu) [India], November 27: All India Union Bank Officer Staff Association (AIUBOSA) is a trade union affiliated to All India Bank Officers' Association (AIBOA) which is one of the constituents of United Forum of Bank Unions (UFBU). Having its office in Chennai, the associatio
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CPI inflation is likely to breach 6% in October: UBI report
Updated : 1 year, 4 months ago IST
The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent t
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Indian markets will remain under pressure amid global rate cuts: Report
Updated : 1 year, 4 months ago IST
The 10-year government bond yield softened slightly, closing at 6.82 per cent, down from the previous session, while the 5-year bond yield held steady at 6.76 per cent. This shift in bond yields reflects cautious investor sentiment amid uncertain global conditions.
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Uttarakhand govt signs MOUs with different banks to provide benefits to go
Updated : 1 year, 5 months ago IST
In the presence of Chief Minister Pushkar Singh Dhami and Finance Minister Premchand Aggarwal, State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank and District Cooperative Bank signed an MoU with the Uttarakhand government.
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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rupee will hover near current levels with a positive bias: UBI Report
Updated : 1 year, 5 months ago IST
Technically, experts suggest that the rupee may find support at Rs 83.76, with strong resistance around Rs 83.99. A breach of these levels could push the currency to test Rs 84.16, last seen in non-deliverable forward (NDF) markets.
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RG Hospitals Presents Goa's Biggest Run, Supported by the Government of Go
Updated : 1 year, 5 months ago IST
New Delhi [India], October 1: RG Hospitals, one of India's largest chains of urology and minimally invasive surgery hospitals, announced its highly anticipated RG Marathon 5.0- Goa's most extensive and annual running event. The sporting event is scheduled to take place on October 13th, 2024.
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Rupee will remain stable with positive momentum supported by FPI inflows:
Updated : 1 year, 5 months ago IST
As the fed rate cuts have increased the liquidity in the Indian markets, the Indian rupee will get support against the dollar and will trade around Rs 83.57, highlighted a research report by the Union Bank of India.
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