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India's Forex reserves decline by $443 mn

India's Forex reserves decline by $443 mn

India's foreign exchange (Forex) reserves declined by $443.6 million as on May 12, 2017.

RBI sets rupee reference rate at 64.9906 against dollar

RBI sets rupee reference rate at 64.9906 against dollar

RBI fixed the reference rate of the rupee at 64.9906 against the US dollar and 72.2955 for the euro.

Forex reserves down USD 443.6 mn to USD 375.27 bn

Forex reserves down USD 443.6 mn to USD 375.27 bn

After touching a record high, the country's forex reserves declined marginally by USD 443.6 million to USD 375.27 billion in the week to May 12.

Despite RBI caution, 2.5k Indians investing in Bitcoins daily

Despite RBI caution, 2.5k Indians investing in Bitcoins daily

A domestic Bitcoin exchange said it is adding over 2,500 users a day and has reached five lakh downloads.

Paytm to start payments bank operations from May 23

Paytm to start payments bank operations from May 23

After months of delay, Paytm is now all set to commence its payments bank operations from May 23, having received the final approval from the RBI.

Falling food prices cement its view on Aug rate cut: BofA-ML

Falling food prices cement its view on Aug rate cut: BofA-ML

A fall in food inflation in May, better monsoon and the ongoing rupee appreciation lowering inflation will help RBI to deliver a 0.25% rate cut in Aug, a report said.

RBI net buys $3.53 bn from spot market in March

RBI net buys $3.53 bn from spot market in March

RBI continued to remain a net buyer of the US currency in March after it bought a net of USD 3.53 bn from the spot market to contain a rising rupee.

RBI to soon start picking bad loan cases for action

RBI to soon start picking bad loan cases for action

The govt won't get into individual cases as it has already given authorisation to RBI to resolve NPA cases through the ordinance, the FinMin official said.

RBI sets rupee reference rate at 64.2154 against dollar

RBI sets rupee reference rate at 64.2154 against dollar

RBI fixed the reference rate of the rupee at 64.2154 against USD and 70.4957 for the euro.

Rupee to be range-bound this week, to trade at 64-64.50'

Rupee to be range-bound this week, to trade at 64-64.50'

The rupee is likely to trade in the 64-64.50 range on continuing foreign fund inflows, dollar sale by exporters and higher demand for the American unit from importers.

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