January, 03 2025 Friday 03:04 Hrs
  • SENSEX :   79,943.71

  • Commodity broking firm in India1,436.30( 1.83%) 02-Jan-2025
top-arrow-market
Sensex 79943.71 1436.30  (1.83) 02-Jan-2025
Previous Day Close
78507.41
Today's High/Low
High Low
  •  
  •  
80032.87 78542.37

Other Markets - Detailed News

India's exchange rate policy is well-articulated and has remained consistent over the years says RBI Governor
14-Nov-24   17:36 Hrs IST
Shaktikanta Das, Governor, Reserve Bank of India noted in a speech that India's exchange rate policy is well-articulated and has remained consistent over the years. India's exchange rate regime is market-determined, and the Reserve Bank does not target a level or band of the exchange rate. The forex interventions are carried out to ensure an orderly movement of the exchange rate and to curb undue volatility, anchor market expectations and ensure overall financial stability. It is important to note that the exchange rate is also a barometer of an economy's inherent strength. If the Indian Rupee (INR) has remained relatively stable despite severe external shocks including the largest and steepest tightening by the Fed in 2022 and 2023, it speaks volumes about the sea change in our macro fundamentals from the Taper Tantrum days.

Powered by Capital Market - Live News

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.