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As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Rupee falls 32 paise against US dollar in early trade

Rupee is trading at 72.17 per US on forex market after the appointment of former bureaucrat Shaktikanta Das.

12 Dec 2018 10:22 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex shrugs off Patel's exit

The Nifty closed the session at 10,549.15, up 60.70 points or 0.58 per cent.

12 Dec 2018 1:53 AM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Rupee tumbles 53 paise; RBI Guv's exit, poll results take a toll

The rupee clawed back to 71.67 during the day and finally settled at 71.85.

11 Dec 2018 7:35 PM IST

Economic Affairs Secretary Shaktikanta Das

Shaktikanta Das appointed as new RBI Governor

Earlier he was member of the Fifteenth Finance Commission of India.

11 Dec 2018 6:44 PM IST

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.9884 against the US dollar.

RBI remains net seller of US dollar in Oct; sells USD 7.2 billion

Central bank purchased USD 945 million, while sold USD 8.149 billion in the spot market, according to the data.

11 Dec 2018 6:22 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI plans to disburse agri loans digitally: official

SBI is running pilot projects to disburse agricultural loans digitally.

11 Dec 2018 4:57 PM IST

Stocks of IT companies saw selling as the rupee continued to strengthen, which dragged down the Sensex.

Sensex recovers 190 points, Nifty above 10,500

The broader NSE Nifty rose 60.70 points, or 0.58 per cent, to 10,549.15.

11 Dec 2018 4:14 PM IST

JLR expects the 7-seater fifth generation Land Rover Discovery to boost the sales given the petrol option and the lower prices starting from Rs 71.38 lakh for the petrol option.

JLR drives in updated Discovery Sport in India at Rs 44.68 lakh

The model is powered by the 2.0 litre Ingenium diesel engine now get more powerful 132 kW output.

11 Dec 2018 1:51 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

Govt likely to make announcement on RBI soon: Finance Secretary

RBI has been rendered headless following Patel's unexpected resignation, with immediate effect.

11 Dec 2018 1:48 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI slaps Rs 1 cr fine on Indian Bank for violating cyber security...

The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks.

11 Dec 2018 1:32 PM IST

Rajiv Kumar joined as the new vice-chairman of Niti Aayog on Friday. Photo: Twitter| @NITIAayog

'RBI not dependent on one individual': NITI Aayog on Urjit Patel exit

The functioning of the central bank is not dependent on any particular individual.

11 Dec 2018 12:24 PM IST

RBI governor Urjit Patel during press meet in Mumbai. (Photo: PTI)

Urjit Patel's resignation comes at a sensitive time, to dampen...

Governor's departure is likely to push 10-year INR yields back above 7.6 per cent in a knee-jerk sell-off.

11 Dec 2018 10:59 AM IST