Rupee strengthened by 37 paise to 66.88 against the US dollar in early trade at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amid foreign fund inflows. Weakness in dollar against other currencies overseas after last week’s disappointing US jobs data reduced the chances of an interest rate hike […]
Today in two states of Himachal Pradesh and Jammu & Kashmir medium danger avalanche warnings for next 24 hours were given. In Himachal Pradesh avalanche warning for Chamba, Lahaul-Spiti, Mandi, Kangra, Sirmaur, Shimla and Kinnaur and in Jammu & Kashmir Medium danger avalanche warning for Kupwara, Bandipora, Baramula, Ganderbal, Kulgam, Badgam, Anantnag, Poonch, Doda, Kishtwar […]
In a bid to boost infrastructure investment, the Reserve Bank today allowed banks to invest in long-term infrastructure bonds issued by other banks. In July 2014, RBI had allowed banks to issue long-term bonds (LTBs) for lending to long-term projects in infrastructure sub-sectors, and affordable housing. However, cross-holding of such bonds amongst banks was not […]
