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At the interbank forex market, the local unit opened at 72.87 against the greenback and witnessed an intra-day high of 72.81 and a low of 72.88.

Rupee rises 6 paise to end at 72.96 against US dollar PTI Mumbai | Updated on × The rupee gained 6 paise to settle at 72.96 against the US dollar on Tuesday tracking weak American currency and heavy buying in domestic equities. Analysts said the rupee is trading in a narrow range as traders remained cautious ahead of the RBI monetary policy scheduled on Friday. At the interbank forex market, the rupee opened on a flat note at 73.02, and gained ground to touch an intra-day high of 72.92. The local unit also touched a low of 73.05 during the day. It finally finished at 72.96, higher by 6 p...

Rupee rises 6 paise to end at 72.96 against US dollar SECTIONS Last Updated: Feb 02, 2021, 05:49 PM IST Share Synopsis Analysts said the rupee is trading in a narrow range as traders remained cautious ahead of the Reserve Bank of India (RBI) monetary policy scheduled on Friday. Agencies It finally finished at 72.96, higher by 6 paise over its last close. On Monday, the rupee had finished at 73.02 against the American currency. Related NSE Explore Now he rupee gained 6 paise to settle at 72.96 against the US dollar on Tuesday tracking weak American currency and heavy buying in domestic equitie...

RBI proposes multilayer system and stricter norms for NBFCs 23 Jan 2021 A securityman stands guard in front of the Reserve Bank of India building in New Delhi. File/ Reuters The Reserve Bank of India (RBI) proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations. The RBI, in a discussion paper, proposed to differentiate between NBFCs depending upon the layer they belong to, such as base and middle. “To sum up, regulatory and supervisory framework of NBFCs shall be based on a four-layer...

The rupee plunged by 21 paise to settle at a week’s low of 73.28 against the U.S. dollar on Monday, tracking weak domestic equities and a rebound in the American currency.At the interbank forex market