Mumbai: The rupee fell 7 paise to 69.24 against the US dollar in opening trade Monday on increased demand for the greenback from importers and banks.
PUNE: Last week, after a hectic day of campaigning, former Maharashtra chief minister Prithviraj Chavan arrived at a Congress leader’s home late evening in Pune.
The RBI is likely to release its revised stress assets resolution circular after the elections to clear the model code of conduct.
Industry body CII recently launched the CII Centre for Digital Transformation’s (CDT) “Digital Maturity Appraisal” which, it said, will help Indian industries navigate today’s business landscape as it continues to undergo rapid changes, led by digital technologies.
THE announcement made by Reserve Bank of India (RBI) on January 1, 2019 permitting all banks and NBFCs to restructure stressed viable MSME accounts with aggregate exposure upto Rs 25 crore without downgrading the asset to substandard (NPA), was very warmly received by MSME sector.
MUMBAI: The Reserve Bank remained a net buyer of the US dollar for the third consecutive month in February, when it bought $825 millionfrom the spot market, according to the data from the central bank.