The other emerging market currencies experienced a more pronounced depreciation against the dollar than the rupee in 2024, resulting in a relative appreciation effect.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
The decision was announced by RBI Governor Sanjay Malhotra Wednesday during the Monetary Policy Committee meet, after reviewing the latest economic and financial conditions.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
Maharashtra, Haryana, Delhi & Tamil Nadu top the chart when it comes to these frauds. Together, they account for 69% of the total reported frauds, according to FinMin data.
Improvement indicates more people have better access to & are actively using financial services. Index ranges from 0 to 100 and is based on access, usage & quality of monetary services.
According to regulatory filing, Rcomm got Rs 31,580 cr in bank loans, but a Fraud Committee of the bank found misuse involving complex fund transfers across multiple group entities.
RBI retained its projection of 6.5% growth, but highlighted global uncertainty, particularly due to renewed tariffs from July & volatility in commodity prices as risks to growth outlook.
The 'ghuspaithiya' narrative is being whipped up precisely when illegal immigration has actually diminished. Like most BJP-RSS ideas, it’s just an unimaginative Right-wing trope.
With non-leather products driving global footwear demand between 2020 and 2024, India’s global market share stood at 1.85% in 2024, says a NITI Aayog report.
ISKP, a sub-continental branch of the Islamic State, is said to have vowed to extend operations in Kashmir, on encouragement from Pakistan’s security establishment.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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