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India Inc welcomes interest rates cut

New Delhi: Indian Industry on Tuesday rejoiced at the interest rates cut by the Reserve Bank of India for the first time in three...

RBI intervenes as rupee slides to new low

New Delhi: Under pressure from the global financial uncertainty and weak domestic economic data, the Indian rupee sank to a record low for the...

Rupee hits new low; RBI intervention eyed

Mumbai: The slide in the Indian rupee continued Tuesday, dropping to another all-time low at 53.29 per dollar intra-day as demand for the green-back...

Indian Industrial Output Shrinks

New Delhi: India's industrial output contracted to minus 5.1 per cent in October, according to data released Monday, slipping more than expected and sparking...

NRIs, resident Indians can open joint accounts

Mumbai: The Reserve Bank has allowed Non-Resident Indians (NRIs) to hold joint accounts with Indian residents. The RBI is liberalising these foreign exchange rules...

25 paise, or ‘chavanni’, is dead

The 25 paise coin, popularly known as 'chavanni' and which first came into being in 1950, died an official death .According to the Reserve...

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