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October, 6

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‘Deposit interest rate hikes slower than loans’

MUMBAI: Deposit rates have not increased as much as lending rates in the rate tightening cycle that began in May 2022, and is...
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Business

Rupee falls 4 paise to 83.32 against US dollar in early trade

MUMBAI: The rupee depreciated 4 paise to 83.32 against the US dollar in the morning session on Monday, tracking a negative trend in...
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Business

India needs 8%-8.5% growth to create enough jobs, former RBI governor Raghuram Rajan says

NEW DELHI: India’s economy is showing signs of steady growth but needs to expand at a pace of over 8% to create enough...
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Business

Bank of Baroda Q2 net profit surges 28% to 4,253 crore

MUMBAI: Bank of Baroda (BoB) on Saturday reported a 28% rise in its net profit to Rs 4,253 crore for the quarter ended...
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Business

Private banks must have two wholetime directors: RBI

MUMBAI: The RBI has mandated private sector banks to have at least two whole-time directors in addition to the MD & CEO. RBI...
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Business

RBI Governor Shaktikanta Das sticks to stand on crypto assets ban

Reserve Bank of India (RBI) Governor Shaktikanta Das sought to reaffirm on Friday that the central bank’s stance on banning crypto assets remained...
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Business

High frequency indicators show gain in growth momentum: RBI

MUMBAI: High-frequency indicators point to a broad-based gaining of growth momentum, while moderating inflation bolsters macroeconomic fundamentals, the 'state of the economy' report...
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Business

Foreign exchange reserves dip to 5-month low

MUMBAI: The country's foreign exchange reserves stood at $584.7 billion, the lowest in more than five months, after a decline of $2.2 billion...
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Business

RBI likely to hold rates as inflation persists

MUMBAI: India’s central bank will likely keep its key interest rate unchanged Friday, maintaining its focus on inflation as oil prices surge and...
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Business

RBI monetary policy review meeting commences, another pause in repo rate likely

MUMBAI (MAHARASHTRA): The three-day bi-monthly monetary policy committee (MPC) meeting of the RBI started on Wednesday with financial market participants set to closely...
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Business

Net claims of non-residents on India rise to $379.7 billion in June quarter: RBI

MUMBAI: Net claims of non-residents on India increased $12.1 billion to $379.7 billion in the June quarter on account of higher rise in...
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How rupee is expected to gain from India’s entry into a major global bond index

The inclusion of India in a major global bond index is expected to strengthen the rupee against its peers, despite the possibility of...
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