The Indian Rupee (INR) has breached the 85.8150 mark against the US dollar (USD), establishing a new record low. This depreciation is fueled by a confluence of factors, prominently featuring…
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The Reserve Bank of India (RBI) is navigating a complex economic landscape, with concerns over slowing growth conflicting with persistent inflationary pressures. The central bank aims to support economic recovery…
The Bank of Korea (BOK) has taken proactive steps to stabilize financial markets by announcing plans to inject short-term liquidity through repurchase agreements (repos). The central bank will also intervene…
The yield on the 10-year Indian Government bond (IN067934G=CC) has decreased by 2 basis points (bps) to 6.8278%, down from its previous close of 6.8470%. This minor dip suggests a…
Oil prices experienced a decline of over $1 per barrel in recent trading sessions. This downward pressure is primarily attributed to the strengthening of the US dollar. A stronger dollar…
Summary: Firstsource Solutions Limited, a global provider of Business Process Services (BPS), is investing in the development of a domain-centric large language model (LLM) specifically for the US mortgage industry.…
Summary: The Reserve Bank of India (RBI) Governor, Shaktikanta Das, concluded the Monetary Policy Committee (MPC) meeting today by announcing that the repo rate will remain unchanged at 6.5%. However,…
Summary: The Indian Rupee has weakened past 84 per US dollar for the first time in history, marking a significant milestone. This depreciation is driven by a confluence of factors,…
Summary: The Reserve Bank of India (RBI) Governor, Shaktikanta Das, concluded the Monetary Policy Committee (MPC) meeting today by announcing that the benchmark repo rate will remain unchanged at 6.5%.…
Summary: Kotak Mahindra Bank has entered into an agreement to acquire the personal loan portfolio of Standard Chartered Bank in India. This strategic move involves a loan book valued at…