Tag: Reserve Bank

Government’s total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

Government’s total liabilities rise 2.6% to ₹150.95 lakh crore in Q3 FY23: Report

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Representational image only. | Photo Credit: Twitter/@FinMinIndia The government’s total liabilities rose to ₹150.95 lakh crore in December quarter from ₹147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.6% in October-December 2022-23. In absolute terms, the total liabilities, […]

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SBI raises MCLR-based lending rates by 10 bps to 7.95-8.7%

SBI raises MCLR-based lending rates by 10 bps to 7.95-8.7%

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A man checks his mobile phones in front of State Bank of India. | Photo Credit: RUPAK DE CHOWDHURI The country’s largest lender State Bank of India on Wednesday marginally increased the short-term lending rates across overnight to three year maturities by 10 basis points (bps) with immediate effect. While banks have almost fully passed […]

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Rupee rises 17 paise to close at 79.23 against U.S. dollar

Rupee rises 17 paise to close at 79.23 against U.S. dollar

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The rupee appreciated by 17 paise to close at 79.23 (provisional) against the U.S. dollar on Friday after the Reserve Bank hiked interest rates by 50 basis points. At the interbank foreign exchange market, the domestic currency opened at 79.15 per dollar. It hovered in a range of 78.94 to 79.29 during the session. The […]

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