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India's forex reserves rise $938 million to $682 billion despite RBI's $5 billion swap
Posted in Economy

India’s forex reserves rise $938 million to $682 billion despite RBI’s $5 billion swap

Mumbai: India’s foreign exchange reserves rose by a modest $938 million to $682 billion in the week ended May 29, despite a $5 billion dollar-rupee…

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FAR expansion, tax relief may boost foreign bond inflows, but risks remain
Posted in Economy

FAR expansion, tax relief may boost foreign bond inflows, but risks remain

Mumbai: The inclusion of additional government securities under the Fully Accessible Route (FAR) and tax exemptions from the government are expected to improve the attractiveness…

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PSUs to get concessional forex swaps to boost external borrowings

Mumbai: Reserve Bank of India (RBI) will unveil a concessional foreign exchange swap facility valid until September 30 to incentivise external commercial borrowings (ECBs) by…

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Posted in Economy

IT secretary signals stricter govt controls for AI, biometric devices

New Delhi: India will need to expand strategic autonomy and control over hardware connected to artificial intelligence (AI) and biometric authentication systems, electronics and information…

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Posted in Economy

For a few dollars more: Inflation bypass can hurt

It is a bit of a puzzle for a Monetary Policy Committee with an inflation-targeting mandate to unanimously vote for keeping policy rates and stance…

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RBI deputy governor Swaminathan J gets two-year extension
Posted in Economy

RBI deputy governor Swaminathan J gets two-year extension

Kolkata: The union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman‘s term for another two years with effect from June 26, 2026,…

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FY26 growth higher than anticipated, shows India’s resilience: MoSPI Secretary

New Delhi [India], June 5 (ANI): India’s GDP growth of 7.7 per cent in FY2025-26 came in higher than anticipated in the Second Advance Estimates…

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India’s economy faces threats that currency band-aid can’t fix

India’s government and central bank took coordinated steps on Friday to spur foreign inflows, providing an immediate boost to the beleaguered currency. The challenge for…

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SpaceX denied fast track to S&P 500 after IPO
Posted in Startups

SpaceX denied fast track to S&P 500 after IPO

SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off…

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RBI says 4% inflation target not in abeyance; future rate action tied to price persistence

Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said its 4 per cent medium-term inflation target is sacrosanct and has not…

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