banking finance News

Rupee falls 19 paise against US dollar to 7-mth low

Indian rupee depreciated by 19 paise to trade at almost seven-month low of 61.94 against the US doll...

Indian rupee trims initial gains, still up 4 paise to 60.91 against US dollarIndian rupee can be seen in 60:50 and 61:30/50 range: Anindya Banerjee
Ceteris paribus: Appreciating a regime change
Markets need to recognise the regime change at the RBI and the new reality that we live in

SBI cuts short-term deposit rates to 6 pct effective October 7

State Bank of India today reduced the short-term deposit rates by...

Kudos to RBI for moving ahead with effective communication

The fourth bi-monthly monetary policy review was held in the backdrop...

Bankers rule out cut in deposit rates

Bankers feel there is a possibility that the recovery in...

Accept self-attested documents to open account: RBI to banks

The Reserve Bank today relaxed 'know your customer' norms by allowing self-certification of document...
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ABN AMRO to cut 400 jobs as profit plunges 17 per cent
The bank announced reorganisation in the commercial and merchant banking divisions.
Sluggish Asia pulls rupee down to 7-month low
Rupee ends at 61.53 as greenback rises to new highs against yen
Vikram Pandit to take stake in Nimesh Kampani's JM Financial, take charge of banking foray
Vikram Pandit and his business partner, Hari Aiyer to buy a 3% equity stake in JM Financial.
Foreign banks clock fastest growth rate in deposits
Foreign banks clocked the fastest growth rate in deposits for three...
Oriental Bank of Commerce cuts fixed deposit rates by up to 1%
Fixed deposit rate for maturities ranging from 31-45 days has come down to 6 per cent.
Indian rupee plummets to 7-mth low, down 38 paise to end at 61.53 vs USD
The Indian rupee today tanked 38 paise to log nearly 7-month closing...
Beyond the reach of banks, Indians targeted by outlaw fund scams
Saradha ran one of the thousands of unlicensed financial schemes in India.
Raghuram Rajan likely to hold onto key rates tomorrow
Reserve Bank Governor Raghuram Rajan is widely expected to hold...
Indian rupee edges up a paisa to end at 54.77 vs US dollar
Indian rupee today closed just paise higher at 54.77 against US dollar on better local equities.
Yes Bank to offer discounts, deals on banking transactions
Private lender Yes Bank will offer discounts to customers while they use...
Indian rupee, US dollar edges up tracking Asians, shares in focus
US dollar held firm near a 10-month high against a basket of major currencies.
Expect rupee to trade with a positive bias for a near term target of 60.90: Hemal Doshi
Indian rupee opened weaker at 61.35 and then briefly made an intraday high of 61.31...
Rate-cut expectations rise after inflation surprise
In April, India's headline inflation unexpectedly fell below 5 per cent.
Jan Dhan accounts cross 5 crore mark, banks collect over Rs 3500 crore
Banks have opened a whopping five crore accounts under the Jan Dhan scheme till September 25...
Indian rupee up by 10 paise Vs US dollar in early trade
The rupee today rose by 10 paise to 54.68 against the dollar in early trade.
RBI may not cut interest rates as inflation levels still high
RBI has set a glide path for CPI inflation at 8 per cent by January 15 and 6 per cent by January 201...
Indian rupee closes 3 paise higher against US US dollar at 54.78 on rally in equities
A strong dollar weighed on rupee but the local currency managed to erase early losses and settle 3 p...
Indian rupee down 25 paise against US dollar in early trade
The rupee had recovered by 19 paise to close at 61.15 against the dollar in Friday's trade in tune w...
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