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Rupee Hits Record Low of 84.88 Against Dollar

On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory. Expert

Business

12 Dec 2024 03:22 AM 717 views

Rupee Hits Record Low of 84.88 Against Dollar

On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory. Expert

Business

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

Finance & Economics

03 Dec 2024 04:55 AM 1.19k views

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min

Finance & Economics

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Finance & Economics

02 Dec 2024 10:09 AM 1.53k views

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Finance & Economics

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

17 Oct 2024 19:20 PM 1.24k views

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

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#fixed-interest-rate

Rupee Hits Record Low of 84.88 Against Dollar

Rupee Hits Record Low of 84.88 Against Dollar

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

FBI Arrests Most Wanted Fugitive Cindy Rodriguez Singh In India

Church of England Faces Crisis as Synod Fails to Approve Independent Abuse Oversight Amid Scandals

Dallas credit card skimmer factory uncovered, three suspects charged

Gold and Silver Prices Surge: Is Now the Right Time to Invest or Wait?

California sues Trump administration over suspension of food aid benefits

Denise Richards accuses ex-husband Aaron Phypers of domestic abuse in court filing

Stalin Accuses BJP of Diverting Rs 2,512 Crore Meant for Tamil Nadu Students

Niantic Sells Gaming Division to Scopely for $3.5 Billion, Shifts Focus to Geospatial AI

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Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

FBI Arrests Most Wanted Fugitive Cindy Rodriguez Singh In India

Church of England Faces Crisis as Synod Fails to Approve Independent Abuse Oversight Amid Scandals

Dallas credit card skimmer factory uncovered, three suspects charged

Gold and Silver Prices Surge: Is Now the Right Time to Invest or Wait?

California sues Trump administration over suspension of food aid benefits

Denise Richards accuses ex-husband Aaron Phypers of domestic abuse in court filing

Stalin Accuses BJP of Diverting Rs 2,512 Crore Meant for Tamil Nadu Students

Niantic Sells Gaming Division to Scopely for $3.5 Billion, Shifts Focus to Geospatial AI

Pooja-18, Wins High Jump Gold at Asian Athletics 2025

#fixed-interest-rate

Rupee Hits Record Low of 84.88 Against Dollar

Rupee Hits Record Low of 84.88 Against Dollar

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

Panel Proposes New GST Rates for Sin Goods and Other Adjustments

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

Allu Arjun Faces Investigation After Stampede Tragedy at Hyderabad Theatre

FBI Arrests Most Wanted Fugitive Cindy Rodriguez Singh In India

Church of England Faces Crisis as Synod Fails to Approve Independent Abuse Oversight Amid Scandals

Dallas credit card skimmer factory uncovered, three suspects charged

Gold and Silver Prices Surge: Is Now the Right Time to Invest or Wait?

California sues Trump administration over suspension of food aid benefits

Denise Richards accuses ex-husband Aaron Phypers of domestic abuse in court filing

Stalin Accuses BJP of Diverting Rs 2,512 Crore Meant for Tamil Nadu Students

Niantic Sells Gaming Division to Scopely for $3.5 Billion, Shifts Focus to Geospatial AI

Pooja-18, Wins High Jump Gold at Asian Athletics 2025

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