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Posted on February 25, 2025, by Niftynews Bank holidays 2025 are scheduled throughout the year, and one of the most significant closures will be on February 26 for Mahashivratri. As the festival holds great importance in Hinduism, several states across India will observe bank holidays for this occasion. If you’re planning to manage any banking tasks…
Posted on February 14, 2025, by Niftynews Customers of New India Bank in Mumbai were seen queuing up outside the bank today, a day after the Reserve Bank of India (RBI) imposed stringent restrictions on the lender. The RBI’s decision to bar the bank from issuing new loans and suspend deposit withdrawals for the next six…
Posted on February 7, 2025, by Niftynews The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) is poised to announce its first monetary policy decision under the leadership of RBI Governor Sanjay Malhotra. Financial experts are widely predicting that the central bank will opt for a 25 basis points (bps) reduction in the repo rate….
The Indian rupee plummeted to a record low on Wednesday, driven by a combination of bearish market sentiment, speculation over a potential Reserve Bank of India (RBI) rate cut, and stop-loss triggers that accelerated the currency’s decline. The rupee weakened to 87.4875 against the U.S. dollar before settling at 87.4650, marking a 0.4% drop for…
Foreign Portfolio Investors Extend Selloff in Indian Markets Amid Economic Concerns Foreign Portfolio Investors (FPIs) have started the new year on a bearish note, continuing their selloff in India’s secondary markets. In just the first six trading sessions of January, Foreign Portfolio Investors (FPIs) have net sold shares worth nearly ₹11,500 crore (approximately $1.33 billion)….