Mumbai: The rupee appreciated by 32 paise to 71.70 against the US dollar in early trade on Tuesday amid revival of US-China trade talk hopes and gains in domestic equity market.
The Reserve Bank of India (RBI) on Monday approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Prime Minister Narendra Modi-led regime's prospect to stimulate the slowing economy without widening fiscal deficit.
View: Even after RBI capital transfer, keep fiscal option open to battle slowdown - 27th August 2019
Markets overcame global shocks from US President Donald Trump’s trade war to end positive on Monday thanks to finance minister Nirmala Sitharaman’s first of three economic sentiment-boosters delivered last Friday.
MUMBAI : The Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal, the central bank said after a board meeting.
Since implementation, the Goods and Services Tax appears to have reduced the resource-generating capacity of States and has contributed to worsening inter-State inequality.
Mumbai: The Reserve Bank of India (RBI) on Monday, August 26, 2019, approved the fund transfer to the tune of Rs 1.76 lakh crore in form of the dividend to the government.