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RBI

RBI says No to 0% Interest Schemes

The Reserve Bank of India (RBI) banned the ‘zero percent interest’ rate scheme on purchase of goods/products through credit cards to protect the consumers from camouflaged interest rates. It may put impact on the sale of products during…

Rajan surprises, RBI hikes Repo Rate

In a very surprising move, which rattled the India Inc., RBI Governor Raghuram Rajan has announced a hike of 25 basis points in the repo rate, making things difficult for the banks. The decision triggered an immediate fall in the market and…

Indian Rupee drops to 61.80 vs US Dollar

The Indian Rupee recorded its biggest fall to slump to a new low of 61.80 against the USD at around 2 PM. But, later, it made some recovery to 60.77 after the RBI intervention. The Rupee has plunged over 1.6 per cent so far in August.…
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