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May 31, 2024 7:31 PM
The RBI aspires to promote the internationalization of the Indian Rupee to facilitate bilateral trade in local currencies. As a part of its strategic action plan, the RBI on Thursday allowed the opening of rupee accounts outside India. In its Annual Report, RBI said rationalization of various gui...
May 31, 2024 7:29 PM
The Reserve bank of India brings back 100 tonnes of Gold from the Vault of UK to India. This is a major shift in the Economic Policy of the RBI, as it will now hold most of its Gold in its own vault. These changes have significant implications for India’s economic sovereignty and global marke...
May 31, 2024 4:25 PM
The Domestic Benchmark indices, Sensex and Nifty snapped its five days fall and ended in green on Friday amid mixed Global cues. The BSE Sensex added 75 points, or 0.1 percent, to close at 73,961. The NSE Nifty was up 42 points, or 0.19 percent, to 22,531 at the closing bell. In the Glob...
May 30, 2024 9:32 PM
The Reserve Bank of India (RBI) has projected a 7 percent GDP growth in the current financial year. In its annual report, it said the real GDP growth for 2024-25 is projected to grow at 7 per cent with risks evenly balanced. The central bank said the Indian economy expanded at a robust pace in fis...
May 31, 2024 8:27 PM
The BSE Sensex added 75 points, or 0.1 percent, to close at 73,961. The NSE Nifty was up 42 points, or 0.19 percent, to settle at 22,531. In the forex market, the Indian rupee ended at 83 rupees and 49 paise against the US dollar. In the Global Commodity Exchange, Gold, for 5th June co...
May 30, 2024 7:06 PM
Bharatiya Janata Party has credited the S&P Global Ratings’ revision in India’s outlook to the Narendra Modi government’s policy interventions and steps taken to strengthen the economy. The rating agency has changed India’s outlook from ‘stable’ to ‘positive’. Briefing media in N...
May 30, 2024 4:00 PM
Finance Minister Nirmala Sitharaman has said that S&P Global Ratings' revision of its outlook on India from 'stable' to 'positive' is a welcome development. In a social media post, she said that this reflects India's solid growth performance and a promising economic outlook for the coming years....
May 30, 2024 1:17 PM
The National Highways Authority of India (NHAI) has launched an initiative to monetize its infrastructure, seeking investments from the UAE to sustain and enhance India's expanding national highway network. NHAI’s delegation, led by Chairman Santosh Kumar Yadav and NHIT MD Suresh Goyal, is conduct...
May 29, 2024 7:46 PM
4 out of 5 Asian Majour Indices are negative today. China's Shanghai Composite Index inched marginally up by 0.05 per cent, Hong Kong's Hang Seng Index lost 1.86 per cent, South Korea's Kospi down by 1.7 per cent , Japan's Nikkei fell 0.77 per cent and Singapore's Straits Times index slid 0.21 per c...
May 29, 2024 7:43 PM
In the Currency Market, Dollar demand from local corporate pressured Indian rupee to slip by 4 paise to close at 83.17 against the Dollar. The dollar index slipped below the 104.5 mark, extending its losses from Monday....
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