Fri, March 29, 2024

INR trading

Wibest – Rupees: Canadian loonies.

Central Bank Decisions Reinforces the Rupees and Loonies

Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …

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Wibest – Rupees: The headquarters of the Reserve Bank of India.

India’s Rupees Steady After RBI’s Surprising Decision Today

India’s rupees steady in today’s trading after the country’s central caught the market by surprise. The INR mostly traded flat against other currencies, but it also fell against the pound and gained against the Aussie. No rate cuts were announced from the Reserve Bank of India in its final meeting of the year. Traders were …

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WazirX and new clients

Indian Economy Sets Weakest Record in 5 Years

The Indian economy slowed down to its lowest records last seen in more than five years in the second quarter. Economists and experts are blaming the slowing demand and weakening investment growth of the country. The news further weighed on the concerns from the Indian Central Bank’s minutes from August’s meeting. The minutes showed that …

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The future of the local crypto industry

Cryptocurrency News: The Indian Government Bans Bitcoin

India seems to be all set into banning private cryptocurrencies. In cryptocurrency news, all private cryptocurrencies not including the ones issued by the state, be outlawed in the country as the Reserve Bank of India requested. The central bank endorses the elimination of the interface of institutions for cryptocurrencies to be regulated. Apart from declaring …

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Inside indian business

IDRBT Issues Strategy for Blockchain Adoption in India

India Institute for Development and Research in Banking Technology (DRBT) has published a blueprint on blockchain implementation in the banking sector, according to an Indian local newspaper. IDRBT was established by the Reserve Bank of India (RBI) in 1996 with the mission to conduct research and experiments in the banking sector. The organization is reportedly …

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