Rupee slips past 93 for first time on oil shock

MUMBAI, March 21 -- The rupee plummeted below 93 to a dollar on Friday as importers jostled for dollars, breaching a psychologically crucial level. The local currency, which has lost 3% since the outb... Read More

Rupee slides past 93 for first time on oil shock

MUMBAI, March 21 -- The rupee plummeted below 93 to a dollar on Friday as importers jostled for dollars, breaching a psychologically crucial level. The local currency, which has lost 3% since the outb... Read More

Another day, another low: Rupee slips past 93 a dollar, for the first time ever

New Delhi, March 20 -- The rupee plummeted below 93 to a dollar on Friday as importers jostled for dollars, breaching a psychologically crucial level. The local currency, which has lost 3% since the o... Read More

SBI shifts 64 staffers from West Asia to Mumbai, moves operations amid escalating regional conflict

New Delhi, March 20 -- State Bank of India has evacuated 64 employees from West Asia to Mumbai over the past few days as the country's largest lender activated a business continuity plan in response t... Read More

RBI backs HDFC Bank, says no governance concerns

India, March 20 -- A day after HDFC Bank's Chairman Atanu Chakraborty resigned, the Reserve Bank of India on Thursday said it held no concerns on the "conduct or governance" at India's largest private... Read More

After Chairman's sudden exit, RBI backs HDFC Bank, says no governance concerns

New Delhi, March 19 -- A day after HDFC Bank's Chairman Atanu Chakraborty resigned, the Reserve Bank of India on Thursday said it held no concerns on the "conduct or governance" at India's largest pri... Read More

Union Bank lines up maiden Rs.7,500 crore infra bond issue

Mumbai, March 17 -- A day after securing board approval to raise Rs.20,000 crore via infrastructure bonds, Union Bank of India announced its plans to issue the first Rs.7,500 crore tranche of 10-year ... Read More

Future EMI cut becomes sales pitch for affordable home loans

Mumbai, March 17 -- Affordable housing lenders are increasingly luring borrowers with promises of future reductions in loan repayments as competition intensifies in the January-March quarter and firms... Read More

Companies face soaring short-term debt costs despite RBI support

Mumbai, March 16 -- Short-term borrowing costs in India's money markets have jumped, as companies trying to avoid locking in steep long-term rates rush to tap commercial papers (CP) and certificates o... Read More

Rupee hits fresh low on crude surge; RBI likely intervenes

New Delhi, March 13 -- The Indian rupee fell to an all-time low of 92.48 against the dollar on Friday, as a surge in crude oil prices due to the ongoing US-Iran war and a sharp fall in equities weighe... Read More

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