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Source: Live Mint MUMBAI, Jan 31 (Reuters) – Indian government bond yields ended marginally higher on Friday as market participants await the annual budget for directional triggers. The 10-year benchmark bond yield, however, eased in January, falling 6 basis points, while also logging its second decline in three months. It ended at 6.7001% on Friday,…
Source: Live Mint The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments Interface (UPI) transactions in the entire digital payment ecosystem. In value terms, the share of PPIs declined from ₹1.43 lakh…
Source: Live Mint MUMBAI, Jan 24 (Reuters) – The Reserve Bank of India (RBI) made net purchases of government bonds in the secondary market last week, marking the first such operation in over three years, data released on Friday showed. The RBI net bought bonds worth 101.75 billion rupees ($1.18 billion) in the week ending…
Source: Live Mint Stock market today: The Indian stock markets opened on a cautious note on Friday, experiencing selling pressure as both benchmark indices began the day in negative territory. Throughout the day, the indices fluctuated between the green and red zones, ultimately trading in a largely flat manner in the second half. By mid-session,…
Source: Live Mint Did you borrow money from a bank but now realise that you got a rough deal from it? You have realised that there are too many hidden costs or the rate of interest was raised unreasonably soon after? Or is there something else, which the bank has done that violates the line of…
Source: Live Mint Mumbai: India’s capital markets regulator is set to ease the registration of foreign portfolio investors (FPIs) if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. The Securities and Exchange Board of India’s (Sebi) whole time…
Source: Live Mint As from January 1, 2025, one of the key regulations taken by the Reserve Bank of India will make it compulsory for lenders to update credit bureau records every 15 days. This may completely transform the way credit score is calculated and published, thus ensuring that the financial activity of the borrowers…
Source: Live Mint MUMBAI, Jan 3 (Reuters) – The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. The rupee ended at 85.77 to the dollar, compared to its…
Source: Live Mint than one and a half years after the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 banknotes, only 1.88 per cent of the currency notes have yet to be returned, according to the latest RBI data released on January 1, 2025. The unreturned notes are worth ₹6,691 crore, reveals the…
Source: Live Mint Mumbai, Jan 1 (PTI) The Reserve Bank on Wednesday said 98.12 per cent of the ₹2000 banknotes have been returned to the banking system, and only ₹6,691 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of ₹2000 denomination…
