Rupee suffers worst fall in two months, closing at 83.96 vs US dollar
The local unit weakened 14 paisa for the fourth consecutive day and ended at 83.96 per US dollar, versus its previous close of 83.82/$1, LSEG data showed. Likely central bank intervention kept the local currency from crossing the 84/$1 mark, traders said.
MPC’s new members may stay with RBI’s view on inflation
On Tuesday, the government reconstituted the six-member MPC, appointing three new external members for a four-year term. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. Singh is director, Delhi School of Economics, Bhattacharya an independent economist, was formerly chief economist at Axis Bank, while Kumar is director and chief executive at the […]
LIC eyeing strategic stake in Standalone Health Insurance Company
The health insurance sector is now the fastest-growing segment in the country’s insurance industry, driven by rising healthcare costs and increasing awareness of the need for coverage.