The Sensex closed Wednesday trading up 1.11% and the Nifty 50 was up 1.27%. Mint cited the head of retail research at Motilal Oswal Financial Services, Siddhartha Khemka, who said: Global factors & headwinds are likely to persist which could continue to impact Indian markets over the next few days. Nifty saw a relief rally,…
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The PAYTM stock crashed on 5 February to ₹438.35, limit down by 10%, following a staggering 36% fall in the preceding two sessions. The RBI, India's Central Bank, issued the directive on 31 January after its inspections at PPBL revealed the bank had failed to comply with some regulations. Non-compliance included Know Your Customer (KYC)…
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Despite these challenges, experts anticipate a combination of lower oil prices and steady core inflation may play a mitigating role to counteract inflationary risk. The Reserve Bank of India (RBI) is also closely monitoring external financial factors that could influence the Rupee's value and the country's payment balances. This comes after the UK released its…
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The Supreme Court of India has taken down the Reserve Bank of India’s (RBI) controversial ban on banks’ dealings with crypto-related firms imposed nearly two years ago. The court’s bench of three judges decided on Wednesday in favor of the petitions of crypto exchanges and startups. The RBI made a decision in April 2018 to…
Read more"If it walks like a duck or quacks like a duck, it is a duck" quipped Reserve Bank of India Governor Raghuram Rajan in his highly critical diatribe
Read moreIndia relaxes some forex trading capital control measures...
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