Government bonds decline, call rates finish higher

Jul 23 2018 | 33 mins ago

The 7.17 per cent 10-year benchmark bond maturing in 2028 dropped to Rs 95.77 from Rs 95.9250 previously, while its yield edged up to 7.81 per cent from 7.79 per cent.

Govt panel gives recommendations to prevent illegal cultivation of HT cotton: Sharma

Jul 23 2018 | 42 mins ago

A government constituted committee has submitted recommendations for short and long term measures to prevent illegal cultivation of Herbicide Tolerant (HT) cotton in the country, the Rajya Sabha was informed.

Federal Bank gets RBI nod to enter Bahrain, Kuwait, Singapore

Jul 22 2018

South-based private sector lender Federal Bank has received the regulatory nod to open offices in Bahrain, Kuwait and Singapore, but is awaiting local clearances before it starts operations, a top official has said.

Co-op banks to create investment fluctuation reserve to deal with market risks

Jul 22 2018

RBI has directed co-operative banks of all categories to create Investment Fluctuation Reserve (IFR) with a view to guard against unforseen fluctuations in market and remain solvent.

New 100-rupee note poses fresh headaches for ATM operators

Jul 21 2018

The Reserve Bank of India's (RBI) announcement launching a new series of 100-rupee denomination notes has been greeted with trepidation by the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country.

Forex reserves continue to fall; down $734.5 mn to $405.07 bn

Jul 20 2018

The country's foreign exchange reserves declined USD 734.5 million to USD 405.075 billion for the week ended July 13, Reserve Bank data showed today.

Crypto currencies would encourage illegal transactions: RBI to SC

Jul 20 2018

RBI told SC that allowing dealings in crypto currencies like Bitcoins would encourage illegal transactions.

Government bonds end mixed, call rates turn higher

Jul 20 2018

The 6.68 per cent government security maturing in 2031 declined to Rs 89.5750 from Rs 89.63, while its yield inched up to 7.97 per cent from 7.96 per cent.

Rupee recovers from record lows, up 9 paise against US dollar

Jul 20 2018

The rupee rose to 69.01 from yesterday's record closing level of 69.05 at the interbank foreign exchange here.

Ex-RBI deputy governor cautions against frequent loan waivers

Jul 19 2018

Gandhi cautioned govts, including the Centre, against frequently using "administrative tools" of farm loan waivers, as he stressed on maintaining credit discipline.

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