RBI introduces new forex rules to stabilize rupee against dollar.

·1 views

The Reserve Bank of India has announced new measures to stabilize the Indian rupee. The rules involve tighter restrictions on forex derivatives and new bank reserve requirements. Analysts believe these steps could reduce speculative dollar demand and slow the rupee's depreciation. However, external factors like high crude oil prices remain a risk to the currency's stability.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

RERA orders builder to pay interest after rejecting excuse for undelivered flat

The Maharashtra Real Estate Regulatory Authority (RERA) has ruled against a builder for failing to deliver a booked flat. The authority rejected the developer's excuse of a jurisdictional dispute between PMRDA and PMC, stating it was invoked after the delay occurred. The homebuyer had paid Rs 39.15 lakh of the total flat cost of Rs 41.85 lakh. RERA has ordered the builder to pay interest on the amount, which can be adjusted against the final payment.

0 comments Read more at Times of India

IndiaTimes of India ·

Saffron-clad groups threaten protesters in Delhi for second consecutive day

Groups of individuals wearing saffron attire issued threats against demonstrators in Delhi. This activity occurred for a second consecutive day, as reported by the Times of India. The incidents took place within the Indian capital city. The exact motivation behind the threats remains unclear from the provided details.

0 comments Read more at Times of India

IndiaTimes of India ·

George Foreman lists Texas estate with 40-car garage for $6 million

Boxing legend George Foreman has put his Texas estate on the market for $6 million. The property features a notable 40-car garage among its amenities. The listing was reported by the Times of India, though the exact date of the listing was not specified. Foreman is selling the estate, located in Texas, for personal reasons.

0 comments Read more at Times of India

IndiaTimes of India ·

Chinese Ming-era box bought for £19 sells for £288,000 at auction

A 15th-century Chinese enamel box sold for £288,000 at a Dreweatts auction. The box had been purchased for only £19 in 1946 by Major Edward Copleston Radcliffe. It was later rediscovered, unnoticed, in a family attic. Auction house experts confirmed its significance as a rare Xuande-marked pomegranate box.

0 comments Read more at Times of India