RBI
4 stories
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financeIndia's Forex Defense Hits $110 Billion as Rupee Weakens
The RBI's forward dollar-selling contracts hit a record $110-115 billion, as the rupee slides past 96 per dollar and forex reserves drop sharply.
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financePaytm Cuts Losses After Regulator Scraps Bank Unit License
India's Paytm faces limited impact from the central bank's cancellation of its associate firm's payment bank license, analysts suggest, as the fintech company trims losses.
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financeIndia's Investment Appeal Dims Amidst FX Curbs and Earnings Risks
Foreign investors grow wary of India as currency hedging costs surge due to FX restrictions and rising earnings risks from oil prices pressure equities.
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financeIndia's Central Bank Eyes Payment Delays to Combat Fraud
India's Reserve Bank is considering a delay for certain digital payments exceeding 10,000 rupees to combat rising fraud. Proposals include enhanced authentication and customer controls.