RBI bulletin says economy on recovery path
The New Indian Express Kozhikode|December 25, 2024
IN a bid to support a falling rupee, which lost as much as 125 paise between October 10 and December 24 when it closed at 85.207, the Reserve Bank on Tuesday said it has net sold $9.28 billion on the spot foreign exchange market in October.
ENS ECONOMIC BUREAU @ Mumbai

The net outstanding forward sale stood at $49.18 billion in October as compared to the net sale of $14.58 billion in September.

The RBI said in the monthly bulletin that it had purchased $27.5 billion and sold $36.78 billion during October. As against this, the central bank has bought a net of $9.64 billion in the spot market in September.

هذه القصة مأخوذة من طبعة December 25, 2024 من The New Indian Express Kozhikode.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 25, 2024 من The New Indian Express Kozhikode.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS KOZHIKODE مشاهدة الكل
The New Indian Express Kozhikode

Mohammedan play out goalless draw vs Odisha

MOHAMMEDAN SC held Odisha FC to a goalless draw at the Kishore Bharati Krirangan in the Indian Super League (ISL) on Friday to break their five-game-long losing streak in the competition.

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1 min  |
December 28, 2024
The New Indian Express Kozhikode

Olympic heartbreak and no net gain for badminton

The ever-reliable discipline for India, in terms of providing the thrill & medals at elite competitions, endured a difficult year with some of the top shuttlers struggling for form, writes Anmol Gurung. Missing out on a medal in Paris was a new low...

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3 mins  |
December 28, 2024
The New Indian Express Kozhikode

Smith regains midas touch

IN many ways, it was coming. From the moment he got that century in Brisbane, Steve Smith seemed like he was going to pile on.

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3 mins  |
December 28, 2024
The New Indian Express Kozhikode

Six minutes of chaos for India

ASHASVI Jaiswal turned around and looked at Virat Kohli as Alex Carey took the bails off at the striker's end. Kohli indicated the fielder was near as the youngster gestured it was his call before shaking his head all the way to the dressing room here at the Melbourne Cricket Ground on Friday.

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3 mins  |
December 28, 2024
The New Indian Express Kozhikode

No Extra Pressure for Slot as Liverpool Win

ARNE Slot insists Liverpool's commanding position at the top of the Premier League table has led to no extra strain during his first season in charge at Anfield.

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1 min  |
December 28, 2024
The New Indian Express Kozhikode

Osamu Suzuki, architect of India's automobile revolution, dies at 94

OSAMU SUZUKI, chairman of Suzuki Motor Corp (SMC), passed away from lymphoma on Wednesday, December 25, 2024, the company announced in a statement on Friday. He was 94.

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1 min  |
December 28, 2024
The New Indian Express Kozhikode

RBI Allows UPI Access via Third-Party Payment Apps

The Reserve Bank on Friday allowed the popular unified payments interface (UPI) access to prepaid payment instruments (PPIs) through third-party applications, making it easier for users to link their digital wallets to UPI-enabled apps.

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1 min  |
December 28, 2024
The New Indian Express Kozhikode

Manmohan Singh: The silent Prime Minister or a humane economist?

EXPECTATIONS of Dr Manmohan Singh, the trailblazer of India's new economic policy, is no more. Economists around the world remember him for his brilliance and humility, and predominantly for his role in opening up the state-controlled Indian economy, when he was appointed Finance Minister of India in 1991.

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2 mins  |
December 28, 2024
The New Indian Express Kozhikode

UltraTech buys 8.69% stake in Star Cement

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has announced the signing of a definitive agreement to acquire 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd, a joint venture between EQT Infrastructure and Temasek.

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1 min  |
December 28, 2024
The New Indian Express Kozhikode

Rupee hits record low of 85.81/$

Local currency falls 38 paise from previous close to 85.5914 as dollar continues to rally

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2 mins  |
December 28, 2024