FOCUS: A no-shocker 85/$1 for rupee shows shift in RBI's FX strategy

The rupee's fall to 85 per dollar on Thursday made for a headline, but not a shocking one. The rupee may have weakened because of global events, but the swift pace of its recent fall has been an outcome of an inevitable development back home – a subtle shift in the Reserve Bank of India's intervention strategy, currency traders said.Register to read

TREND: India 2023-24 veg oil imports bill falls 11%; seen up this yr

India's vegetable oil imports bill fell by $2.02 billion, or 11.4%, to $15.7 billion in 2023-24 (Nov-Oct), the second successive year of decline, due to lower imports and sharp fall in palm oil, soyoil and sunflower oil prices globally. The country imported vegetable oil worth $17.72 billion in 2022-23 and $21.12 billion in 2021-22, the data from the commerce ministry showed.Register to read

India 2023-24 veg oil imports bill falls 11%, but seen rising this year

India's vegetable oil imports bill fell by $2.02 billion, or 11.4%, to $15.7 billion in 2023-24 (Nov-Oct), the second successive year of decline, due to lower imports and sharp fall in palm oil, soyoil and sunflower oil prices globally. The country imported vegetable oil worth $17.72 billion in 2022-23 and $21.12 billion in 2021-22, the data from the commerce ministry showed.Register to read

A no-shocker 85/$1 for rupee highlights shift in RBI's FX strategy

The rupee's fall to 85 per dollar on Thursday made for a headline, but not a shocking one. The rupee may have weakened because of global events, but the swift pace of its recent fall has been an outcome of an inevitable development back home – a subtle shift in the Reserve Bank of India's intervention strategy, currency traders said.Register to read

Fino Payments Bk to retain e-payments focus even post transition

Fino Payments Bank will continue to focus on digital payments operations and has no plan to convert itself into a conventional lending bank even after getting small finance bank licence from the Reserve Bank of India, according to its Chief Financial Officer Ketan Merchant.Register to read