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The ED registered a case against the accused under the Foreign Exchange Management Act (FEMA) and is likely to arrest the accused soon.

Business

Weakness in rupee to continue further, may fall to Rs 70 per dollar

The rupee hit a fresh two-week low of 68.93 against the USD in early session.

7 Aug 2018 11:53 AM IST

Business

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

6 Aug 2018 3:24 PM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Business

Analysis: RBI chooses between falling rupee and banking cash crunch

Economists suspect it may choose currency stability, regardless of how tight funding conditions get.

3 Aug 2018 2:10 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Business

China printing Indian currency notes, says report

A host of countries, including India, have contracts with the Chinese government for printing of currency notes, says...

14 Aug 2018 10:09 AM IST

New notes of Rs 2000 issued by the Reserve Bank of India. (Photo: PTI)

Business

Law soon for exchange of torn Rs 2,000 and Rs 200 notes

At present, banks are finding it impossible to exchange soiled Rs 200 and Rs 2,000 banknotes.

14 Aug 2018 9:35 AM IST

Chinas foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued.

Business

RBI net sells USD 6.184 billion of US currency in June

Reserve Bank continued to remain net seller of the US currency for the third consecutive month in June.

12 Aug 2018 5:18 PM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Opinion

Falling rupee will burn a hole in our pockets

There are hopes in some quarters that the Reserve Bank of India would intervene to stop the rupee's slide.

18 Aug 2018 12:36 AM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

Business

RBI deputy governor Kanungo worried over rising debt levels of states

Kanungo said the time has come for each state to manage its own borrowings.

31 Aug 2018 4:20 PM IST

This resulted in a seizure of unaccounted cash of Rs 6.76 crore from four such contractors in the Mysore area.(Photo: File/Representational)

Business

Objective of demonetisation was to reduce cash transactions: Niti...

RBI report revealed that almost all demonetised notes were returned to banks.

31 Aug 2018 12:52 PM IST

On the other hand, RBI spent 12,877 crore (4,912 crore in FY18 and 7,965 crore in FY17) for printing new currency notes after old notes were banned

Business

RBI got back almost all banned 500, 1,000 notes

The central bank said Rs 15,31,073 crore of Rs 15,40,000 crore of demonetised notes returned back to the banking system.

30 Aug 2018 1:26 AM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs...

29 Aug 2018 3:40 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

Business

RBI surplus transfer to govt rises 63.08 pc in FY 2018

A surplus of Rs 50,000 crore was transferred to the central government in FY18.

29 Aug 2018 3:17 PM IST