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RBI allows rupee accounts outside India for currency internationalisation; simplifies norms for non-residents

RBI allows rupee accounts outside India for currency internationalisation; simplifies norms for non-residents
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RBI imposes restrictions on Edelweiss Group entities over supervisory concerns

The regulator said supervisory examinations had revealed that ECL Finance and Edelweiss Asset Reconstruction Co. had engaged in a series of structured transactions aimed at evergreening the stressed exposures of ECL

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Oil extends gains after bullish US macro data raises Fed rate cut expectations

Brent had touched an intra-day low of $81.05 on Wednesday - the lowest the front-month futures contract has traded since February 26

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Reuters

India's exchange-traded currency derivates volumes to plunge by 80% over RBI's new hedging rule

The rule, which comes into effect from April 5, was reiterated by exchanges on Monday following concerns raised by brokers about its impact on volumes.

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Sakoca residents demand consistent supply due to water crisis

Sakoca residents demand consistent supply due to water crisis
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