foreign banks

Rupee ends lower on foreign banks’ dollar bids, dip in regional peers

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Rupee ends lower on foreign banks’ dollar bids, dip in regional peers

The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on … Read more

RBI MPC Meet: What lies ahead for fixed deposit investors if RBI MPC decides to slash repo rate?

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RBI MPC Meet: What lies ahead for fixed deposit investors if RBI MPC decides to slash repo rate?

RBI MPC repo rate: The Reserve Bank of India’s Monetary Policy Committee may go for an interest rate cut on February 7 for the first time in almost five years. During its December meeting, the RBI decided to keep the repo rate steady at 6.5% for the 11th consecutive time due to ongoing inflationary challenges. … Read more