Category Archives: Business
At the Interbank Foreign Exchange (forex) market, the local unit opened lower at 72.10 and fell further to touch the day’s low of 72.17. The domestic currency, however, pared some losses and finally ended at 72.01 per dollar, down by 16 paise against its previous close.
The November data shows that the inflation stood below the Reserve Bank’s medium-term target of 4 per cent for a fourth straight month. Also, this is for the first time since July 2017, the figure came below 3 per cent.
Das further said that, “I have convened a meeting with CEOs and MDs of public sector banks tomorrow morning (December 13). Banking is an important segment in our economy and it’s facing several challenges that need to be dealt with. It’s the banking sector on which I’d like to focus immediately.”
On the BSE index, Hero MotorCorp, Bharti Airtel, Adani Ports, Yes Bank and Mahindra & Mahindra were among the major gainers, rising as much as much 7.01 per cent. On NSE, all the sub-indices closed in green with Nifty Realty outperforming the index, up 4.36 per cent.
Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said despite the electronic way or e-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
The former diplomat is Michael Kovrig. He works for the International Crisis Group, which said it was seeking his prompt and safe release. Canadian officials said they were not immediately able to confirm that Kovrig was in detention.
“Assumed charge as Governor, Reserve Bank of India. Thank you each and everyone for your good wishes,” Das said in a tweet. Finance minister Arun Jaitley termed Das as a person with “right credentials” for the RBI top job.