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March 14, 2020 8:59 AM
India's foreign exchange swelled by 5.69 billion US dollars to reach an all-time high of 487.23 billion dollars in the week ended 6th March 2020. An RBI release said, foreign currency assets, a major part of the overall reserves rose by 5.311 billion dollars to 451.135 billion dollars. In t...
March 13, 2020 9:02 PM
The Union Cabinet has approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. Giving details about the scheme after the Cabinet meeting, Finance Minister Nirmala Sitharaman said that State Bank of India will invest 49 percent equity in Yes Bank with other investors a...
March 13, 2020 7:45 PM
Foreign direct investment into China fell 8.6 percent in the first two months of 2020 amid combined impacts of coronavirus and the extended Chinese New Year holidays, a commerce official said today, warning a grim scenario for the rest of the year. Zong Changqing, director of the foreign investment ...
March 12, 2020 7:08 PM
March 12, 2020 6:50 PM
Observing mismatch in US dollar liquidity across the world, the Reserve Bank has announced a six month US dollar sell/buy swap to provide liquidity to the foreign exchange market. In a statement issued from Mumbai today, RBI said, the first swap worth two billion US dollars will be conducted on Mond...
March 12, 2020 8:07 AM
Country's largest lender State Bank of India (SBI) has announced a reduction in its MCLR or marginal cost of funding-based lending rates by 10-15 basis points across tenors, and a cut in its fixed deposit interest rates. Making it a second reduction in a month and the tenth cut in the curre...
March 12, 2020 8:02 AM
Commerce and Industry Ministry has called a meeting of all stakeholders on Monday to discuss issues related to the forthcoming foreign trade policy (FTP) for 2020-25. The meeting will be attended by industry chambers and exporters from various sectors such as textiles, chemicals, agriculture, capita...
March 10, 2020 2:14 PM
The total Foreign Direct Investment (FDI) inflow was over 318 billion US dollars between 2014 and September 2019 representing nearly 50 percent of the cumulative FDI in India since April 2000. In 2018-19, the FDI inflow stood at a record 62 billion US dollars, highest ever recorded for a fiscal year...
March 10, 2020 11:29 AM
Oil prices surged more than six percent in Asian trade today following heavy losses a day earlier after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1 percent at more than 33 US dollar a barrel while Brent crude advanced 6.6 percent to over 36 US ...
March 9, 2020 7:00 PM
Union Minister of State for Finance, Anurag Singh Thakur has said that India's economic growth rate is absolutely strong. Addressing an interaction program organized under the joint aegis of CBIC, CBDT and Confederation of Indian Industry (CII) at Raipur on 09th March, Mr Thakur assured tha...
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Last Updated: 27th Apr 2026
