Business

March 8, 2022 2:15 PM

RBI launches UPI123pay and 24×7 helpline for digital payments in Mumbai

RBI today launched UPI for feature phones called UPI123pay. RBI governor Shaktikanta Das launched the UPI123pay and also launched a 24x7 helpline for digital payments in Mumbai. This new initiative by RBI will facilitate use of UPI with text and allow feature phone users to seamlessly perform variou...

March 7, 2022 8:24 PM

725.93 LMT of Paddy procured in Kharif Marketing Season so far

A quantity of 725.93 LMT of Paddy has been procured in Kharif Marketing Season so far. The paddy procurement is progressing smoothly in procuring states including Chandigarh, Gujarat, Assam, Haryana, Himachal Pradesh, Jammu and  Kashmir, Jharkhand, Punjab, and Uttar Pradesh. Till now, about 102.29 l...

March 7, 2022 6:07 PM

March 7, 2022 5:08 PM

Rupee logs big fall of 81 paise against US dollar to hit life time low

In the forex market, the rupee today logged big fall of 81 paise against the US dollar to hit life time low. It closed near the 77 rupees per dollar mark. The local currency weakened as a sharp surge in global crude oil prices towards the 130 dollars per barrel level threatened to push up imported i...

March 4, 2022 8:55 PM

Global stocks fall amid Russia-Ukraine crisis

Global stocks today fell while safe-haven investments like gold and US dollar hit multi-year high amid continuation of Russian military operation in Ukraine on ninth day.  After reports that Russian forces seized Europe's biggest nuclear power plant in Ukraine, the currencies of many develo...

March 4, 2022 8:47 PM

Oil rises around 2% to trade above 112 per barrel

Oil today rose around two percent to trade above 112 dollar per barrel. In a volatile session crude prices climbed as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with Tehran. In intra-day tr...

March 4, 2022 7:06 PM

Rupee weakens 26 paise against US dollar

The rupee today weakened 26 paise against the US dollar to trade beyond the 76 rupees per dollar mark. The domestic currency settled at 76 rupees and 17 paise per dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.61 p...

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