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MUMBAI: Amid steep rise in gold prices, Indian consumers are going for exchanges-swapping old gold for new and are also advancing their purchases of wedding jewellery to avoid bearing the brunt of even higher rates given gold’s glittering rally amid geopolitical tensions. “Right now, people are concerned about rates spiralling even more although there has…
MUMBAI: Banks will soon price deposit insurance by risk, while depositor protection stays unchanged. From April 1, 2026, RBI will adopt risk-based pricing for deposit insurance, a global norm, without altering coverage or payouts. Until now, all banks paid a flat premium of 12 paise per Rs 100 of deposits, regardless of financial strength. The…
File photo: Traders work on the floor of the New York Stock Exchange (Picture credit: AP) US stock markets moved higher on Friday, clawing back part of the heavy losses seen earlier in the week, as technology shares recovered and bitcoin halted its recent slide. The rebound came after several volatile sessions driven by worries…
Gold price today: Precious metal prices fell sharply in the national capital on Friday as investors continued to book profits for the second consecutive session. Silver plunged nearly 5%, while gold also registered a steep decline.According to the All India Sarafa Association, silver prices dropped by Rs 13,000, or 4.85%, to Rs 2,55,000 per kilogram…
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make…
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make…
Gold and silver prices continued to face heavy pressure on the MCX on Friday, with both metals opening sharply lower as weak global cues and a stronger US dollar dampened sentiment. The decline marked the second straight session of losses, undoing most of the gains made during a short-lived rebound earlier in the week amid…
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…
The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 5.25% in line with expectations from market analysts and economists. The decision to hold the repo rate was driven by resilient GDP growth and benign inflation, amid global headwinds.“After a detailed assessment of the evolving macroeconomic conditions…
MUMBAI: The Reserve Bank of India on Thursday kept the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) voting unanimously to maintain status quo while modestly revising up its near-term growth and inflation forecasts.Following the decision, the standing deposit facility rate remains at 5%, while the marginal standing facility rate and…
