Photo: Business Standard
The Reserve Bank of India revised the benchmark lending rate, Repo Rate by 5.40% or 50 basis points, on August 5. RBI Governor Shaktikanta Das announced the latest hike, the repo rate or the short-term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15%. Notably, this is the third time after the Covid-19 pandemic, that the reserve repo rate has been hiked, also the highest since 2019.
The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8. The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more
TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade
OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more
TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception
The Aam Aadmi Party (AAP) leaders staged protests and raised objections over the fact that Manish Sisodia has been kept in Tihar Jail Number 1, with dreaded criminals. It is to be noted, former Deputy Delhi CM Manish Sisodia is under judicial… read-more
TAGS: AAP, Manish Sisodia, Delhi Government(163) Tihar Jail, Tweets
US Secretary of Commerce Gina Raimondo, who is in India on an official visit, arrived at Defence Minister Rajnath Singh's residence on Wednesday and participated in the Holi celebration, on March 8. Expressing happiness to be a part of Holi… read-more
TAGS: Festivals, Holi celebration, indian culture, US Official, Rajnath Singh
The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8. The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more
TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade
In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more
TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders
