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Business

Rupee falls 21 paise to close at 85.63 against U.S. dollar

The dollar index, which gauges the dollar’s power against a basket of six currencies, was buying and selling decrease by 0.19% at 100.23. File | Photo Credit: Reuters The rupee depreciated 21 paise to close at 85.63 (provisional) against the U.S. dollar on Tuesday (May 20, 2025), on weak home markets and a bounce again in

Business

Rupee falls 13 paise to 85.55 against US dollar in early trade

 The rupee depreciated 13 paise to 85.55 against the American forex in early trade on Tuesday (May 20, 2025) monitoring a muted development in home equities and overseas fund outflows. | Photo Credit: Reuters The rupee depreciated 13 paise to 85.55 against the American forex in early trade on Tuesday (May 20, 2025) monitoring a

Business

SBI cuts FD rates once more, business loans may get cheaper

MUMBAI: State Bank of India has reduce fastened deposit rates by 20 foundation factors throughout all tenors for each most people and senior residents from May 16. The transfer follows a 25 bps repo price reduce by RBI in April and comes forward of one other anticipated reduce in June.RBI additionally infused practically Rs 5

Business

RBI to grant in-principle nod for Emirates NBD Bank PJSC

The RBI would think about granting a licence for graduation of banking enterprise in WOS mode beneath Section 22 (1) of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being glad that the financial institution has complied with the requisite situations laid down by RBI as a part of “in-principle” approval,” the

Business

‘Trading more or less like a hawala enterprise’: SC seeks clarity from Centre on Bitcoin regulation

Image used for consultant functions The Supreme Court on Monday questioned the Centre’s delay in establishing a definitive coverage for cryptocurrency regulation, expressing issues over its financial implications. The bench, comprising Justices Surya Kant and N Kotiswar Singh, drew parallels between Bitcoin transactions and unlawful “hawala” operations. Justice Kant noticed, “Trading in Bitcoin is an

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