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Thursday, January 09, 2025 | 06:07 AM ISTEN Hindi

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Rupee hedging costs in Indian assets highest since 2022 on bearish bets

Dollar-rupee three-month offshore forward points, the cost of locking in forward dollar purchases, are hovering near the highest since November 2022 reached last week

Rupee hedging costs in Indian assets highest since 2022 on bearish bets
Updated On : 09 Jan 2025 | 8:53 AM IST

FinMin files review petition in Supreme Court's Safari Retreats case ruling

The move follows the Goods and Services Tax (GST) Council's recommendation last month for a retrospective amendment to the Central Goods and Services Tax (CGST) Act

FinMin files review petition in Supreme Court's Safari Retreats case ruling
Updated On : 09 Jan 2025 | 12:17 AM IST

Rupee falls 13 paise to settle at new record low of 85.87 against dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.35 per cent higher at 108.76

Rupee falls 13 paise to settle at new record low of 85.87 against dollar
Updated On : 09 Jan 2025 | 12:00 AM IST

Expect RBI to cut rates next month, Budget must focus on job creation: CII

The Confederation of Indian Industry (CII) chief also expressed optimism that much-needed labour reforms will be taken up by the BJP-led NDA government in the third term

Expect RBI to cut rates next month, Budget must focus on job creation: CII
Updated On : 08 Jan 2025 | 7:14 PM IST

MFI portfolio declines 4.3%, bad assets spike in Sep quarter: Report

Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed a sharper rise at 4.3 per cent as against 2.7 per cent in June

MFI portfolio declines 4.3%, bad assets spike in Sep quarter: Report
Updated On : 08 Jan 2025 | 3:46 PM IST

Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

Centre to simplify decades-old income tax filing rules in upcoming Budget
Updated On : 08 Jan 2025 | 12:43 PM IST

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%
Updated On : 08 Jan 2025 | 12:43 PM IST

Rupee depreciates 9 paise to hit record low of 85.83 against US dollar

At the interbank foreign exchange, the rupee opened at 85.82 and slipped further to 85.83 against the greenback in initial deals, 9 paise lower from its previous close

Rupee depreciates 9 paise to hit record low of 85.83 against US dollar
Updated On : 08 Jan 2025 | 10:37 AM IST

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar

Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar
Updated On : 08 Jan 2025 | 9:54 AM IST

Exim Bank India raises $1 billion from overseas via 10-year bonds

Exim Bank provides financial assistance to exporters and importers

Exim Bank India raises $1 billion from overseas via 10-year bonds
Updated On : 08 Jan 2025 | 12:14 AM IST

Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads

Capitalising on strong demand, Exim Bank managed to tighten the final price by 30 basis points from the initial price guidance to achieve pricing of UST10+100 basis points

Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads
Updated On : 07 Jan 2025 | 8:11 PM IST

Rupee settles 5 paise lower at 85.73 against dollar on higher crude price

At the interbank foreign exchange, the rupee opened at 85.77, touched the day's peak of 85.65 and hit an intraday low of 85.80 against the greenback

Rupee settles 5 paise lower at 85.73 against dollar on higher crude price
Updated On : 07 Jan 2025 | 4:41 PM IST

Rupee depreciates 7 paise to 85.75 against US dollar in early trade

The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas, forex traders said

Rupee depreciates 7 paise to 85.75 against US dollar in early trade
Updated On : 07 Jan 2025 | 10:39 AM IST

Indian bond-index inflows may fall short of estimate, says Morgan Stanley

India currently has a weight of 7% in the JPMorgan gauge, and that's expected to rise to the maximum of 10% by March

Indian bond-index inflows may fall short of estimate, says Morgan Stanley
Updated On : 06 Jan 2025 | 11:58 PM IST

More than 4 out of 10 users earn dividends, says Cred Money report

At a median level, users earn dividends about ten times annually. Banking activity includes 116 P2P banking transactions against 318 outgoing payments, Cred Money data shows

More than 4 out of 10 users earn dividends, says Cred Money report
Updated On : 07 Jan 2025 | 6:06 AM IST

RBI releases master direction on reporting of customers credit information

As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users

RBI releases master direction on reporting of customers credit information
Updated On : 06 Jan 2025 | 11:03 PM IST

Rupee falls to new low of 85.83 as dollar hovers near two-year high

The local currency settled at Rs 85.78 per dollar on Friday

Rupee falls to new low of 85.83 as dollar hovers near two-year high
Updated On : 06 Jan 2025 | 10:56 PM IST

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge

What's driving this surge? Partly, it's the rupee's depreciation versus the dollar, down nearly 3 per cent in 2024, which has made India's exports more attractive on the global stage

Textile hub Tiruppur threads a recovery on sliding rupee as exports surge
Updated On : 06 Jan 2025 | 10:54 PM IST

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

FinMin wants banks, NBFCs to join hands to fund large infra projects
Updated On : 06 Jan 2025 | 10:52 PM IST

FIU-IND, Irdai sign MoU for enhanced anti-money laundering efforts

Laying down procedure and manner in which the regulated entities/reporting entities report to FIU-IND under the PML Rules and conducting outreach and training for regulated entities as per the MoU

FIU-IND, Irdai sign MoU for enhanced anti-money laundering efforts
Updated On : 06 Jan 2025 | 9:54 PM IST