[ad_1] ISLAMABAD: Pakistan‘s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund. The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to the agent bank for…
[ad_1] MUMBAI: About 2.3% or Rs 8,202 crore of the withdrawn Rs 2,000 banknotes are still in circulation, about six months after the deadline to deposit or exchange them at bank branches is over.This essentially meant 97.69% of the total value of the high-value Rs 2,000 banknotes were back in the banking system.The total value…
[ad_1] MUMBAI: India’s foreign exchange reserves rose for a fourth straight week to hit a record high of $642.49 billion as of March 15, central bank data showed on Friday. The reserves rose by $6.4 billion in the reporting week, after rising $20 billion in the previous three weeks. The Indian economy is seen growing…
[ad_1] MUMBAI: The country’s foreign exchange reserves rose for a third straight week and reached a more than two-year high of $636.1 billion as of March 8, data from the central bank showed on Friday. The reserves jumped by $10.5 billion in the reporting week, the biggest jump since the week ended July 14, 2023….
[ad_1] RBI’s scrutiny on credit cards: The Reserve Bank of India (RBI) has intensified its scrutiny on co-branded credit cards, a sector that has witnessed significant growth recently. This aims to prevent unauthorised entry into the tightly regulated credit card industry, informed sources told ET.They mentioned that the central bank aims to tighten regulations on…
[ad_1] MUMBAI: RBI governor Shaktikanta Das has recommended to other countries the Indian strategy of coordination between the central bank and govt to address the demand and supply side of inflation. Das proposed such a coordinated effort, citing the high risk of sovereign indebtedness in some countries and how raising interest alone to curb inflation…
[ad_1] NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das praised the structural reforms undertaken by the government in recent years and said that the Indian economy is likely to record a growth of 7 per cent in the next fiscal.The RBI governor said the structural reforms have accelerated the medium and long-term growth…
[ad_1] NEW DELHI: RBI governor Shaktikanta Das has said that the central bank managed to moderate inflation without compromising on its growth focus. In his new year message to the central bank’s staff, Das said that the RBI has navigated multiple challenges faced by the economy and exhorted the staff to improve the quality and…
[ad_1] KARACHI: Pakistan’s inflation rate will ease to around 20-22% in the 2024 financial year, the central bank governor said on Friday in a report issued weeks ahead of a national election which could help restore political and economic stability to the country. The bank will continue to take decisions to prevent high inflation from…
[ad_1] MUMBAI: If you simply owned the sensex in 2023, you would have logged over 18% returns in a year — beating most conventional assets and perhaps even some Wall Street players who had forecast 5-6% returns this year.Now above 72,000 points, the sensex is at a higher level than what some analysts predicted it…
