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Russia’s top lenders, Sberbank (SBER.MM) and VTB, have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
Updated : Sep 14, 2023

Russia’s VTB Bank to commence money transfer in Indian rupees for easier transactions and forex services improvement

Says it will set the maximum volume of one single transaction at 20 million roubles, equivalent to approximately $213,106

Gold prices were firmed as the dollar and treasury yields weakened after the U.S. inflation data, although bullion was not far from a near three-week low in the previous session.
Updated : Sep 14, 2023

Gold and silver prices today: Yellow metal expected to be range-bound with a slight bearish bias ahead of the US retail sales data

The European Central Bank's decision on interest rates is another event that market participants will look out for

The RBI has said for delays, attributable to the REs, beyond 30 days, they will compensate borrowers at a rate of 5,000 per day.
Updated : Sep 13, 2023

Rs 5,000 fine per day! RBI orders banks, NBFCs to release property docs within 30 days of loan repayment

The move comes into effect on December 1, 2023, and is aimed at safeguarding the rights of borrowers and streamline the lending process.

Spot gold ceded the support at $1915 as two-year US yields edged higher by 0.50 per cent to close above 5 per cent
Updated : Sep 13, 2023

Gold and silver prices today: Yellow metal slips to over two-week low amid uptick in US yields

Total known global gold ETF holdings fell for the seventh straight day through September 11, indicating weak unofficial sector demand

US yields were slightly firmer as two-year yields were up by 1 bps, whereas ten-year yields rose 3 bps.
Updated : Sep 12, 2023

Gold and silver prices today: Yellow metal holds steady amid dollar’s slide

Gold prices remain stable following a minor surge this week, primarily influenced by a dip in the dollar index

SGBs are suited for long-term investors who are looking for a safe haven asset and are willing to hold on to their investment for at least 5 years.
Updated : Sep 11, 2023

The latest tranche of Sovereign Gold Bonds is available. Here, are some frequently asked questions about SGBs

SGBs are ideal for long-term investors who are looking for a safe-haven asset and are willing to hold on to their investment for at least 5 years

If you considering investing in gold as the festival season approaches, you can consider investing in SGB, which is available at a discount of Rs 3 compared to the previous tranche.
Updated : Sep 11, 2023

Sovereign Gold Bond opens today: What can you expect amid falling gold prices?

Investment in SGBs must be considered as a part of asset diversification strategy, and experts recommend an ideal allocation of 5-15 per cent of corpus

Next event FOMC meeting will be in focus and traders will keep their eyes on the Dollar Index and bond yield.
Updated : Sep 11, 2023

Gold and silver prices today: Slight increase in yellow metal following weekly loss

The steady climb is believed to be supported by the recent retreat in the dollar and speculations of a pause on rate hikes by the US Fed

Using the Interoperable Cardless Cash Withdrawal (ICCW) technology, the UPI ATM enables seamless QR-based cash withdrawals.
Updated : Sep 08, 2023

Digital payments: Here is how you can withdraw cash from Bank of Baroda ATMs through UPI

The cardless, UPI QR-based cash withdrawal service is available for Bank of Baroda customers as well as those of all participating issuer banks

The WADTDR on outstanding rupee term deposits increased by 8 bps from 6.47 per cent in June to 6.55 per cent in July, while WALR remained flat. 
Updated : Sep 08, 2023

Rise in deposit rates may contract banks’ margins in FY24: CareEdge Ratings

In a report, it says reduced level of systemic liquidity could exert upward pressure on money market rates, contributing to containing inflationary pressures

Spot gold closed with a gain of 0.20 per cent at $1920. The two-year U.S. yields at 4.95 per cent were 1.50 per cent lower, whereas tens settled 0.85 per cent lower at 4.25 per cent.
Updated : Sep 08, 2023

Gold and silver prices today: Yellow metal strengthens, but may be headed for weekly dip amid hawkish Fed remarks

The price of gold slightly increased while resisting inflation concerns but is anticipated to finish the week with a decrease.

State Bank of India is the largest mortgage lender in the country. The home loan portfolio of the bank has crossed Rs 6.53 lakh crore.
Updated : Sep 07, 2023

SBI launches ‘Nation First Transit Card’ to enable digital fare payment through a single card

Customers will be able to make effortless digital fare payments across various modes of transportation such as metro, buses, water ferries, and parking

Spot gold fell 0.40% to close at $1918.17 as hotter-than-expected US ISM services data (August) led to renewed rate hike concerns.
Updated : Sep 07, 2023

Gold and silver prices today: Yellow metal at risk on potential US Fed rate hike

With the anticipation of a rate hike by the US Federal Reserve, gold faces a considerable threat of further decline

The past two years of enforced confinement at home have amplified students' aspirations to pursue higher education opportunities abroad.
Updated : Sep 07, 2023

Things to remember when applying for foreign currency education loan

Applying for a student loan in your home country enables you to seek a student loan through an institution where you can demonstrate your credit history

Yesterday, spot gold closed with a loss of 0.61% at $1926.37 as the U.S. treasuries tumbled, thus pushing yields higher, which in turn boosted the U.S. Dollar Index.
Updated : Sep 06, 2023

Gold and silver prices today: Yellow metal hits one-week low as interest rate expectation amplifies

Gold investors are feeling the heat with prices dropping to their lowest in a week, owing to the pushing up of the U.S. Treasury yields and the dollar index.

 If individuals choose to update their Aadhaar card details at offline centres, they will be required to pay the standard fee.
Updated : Sep 06, 2023

Deadline nears: Here’s how to update Aadhaar information online at no cost before September 14

Biometric data, including photographs and iris scans, can only be updated by visiting the nearest Aadhaar enrolment centre

 Four labour laws have been passed by Parliament and notified by the government.
Updated : Sep 05, 2023

New labour laws mandate companies to compensate for over 30 unused leaves

Four new labour laws are awaiting effective implementation date from the government

Finance Minister Nirmala Sitharaman at the Global Fintech Fest in Mumbai.-16:9
Updated : Sep 05, 2023

‘All tax slabs seeing around three times surge in return filing’: FM Nirmala Sitharaman

Speaking at the Global Fintech Fest 2023, Sitharaman said that taxable workforce will rise to 85.3 per cent from the current level of 22.5 per cent.

Yesterday, spot gold closed with a slight loss of nearly $2 at $1938.19 as markets consolidated in thin trading with the U.S. observing the Labour Day holiday.
Updated : Sep 05, 2023

Gold and silver prices steady on MCX; momentum indicator RSI hints at possible profit booking

Analysts say traders should book their long positions and take fresh short positions in gold and silver at the given resistance level

The financial benefits India provides to its NRIs are quite significant as it allows them to earn in foreign currencies and convert their income to invest and save in India.
Updated : Sep 05, 2023

60% of NRIs from Australia, Canada, USA, Singapore and Canada consider settling in India post-retirement: Survey

80 per cent of NRIs based in Australia and Singapore, 70 per cent from the UK and 75 per cent from the USA consider a return to India as part of their retirement plans

MCX Gold and Silver gave mixed closing yesterday, October Gold closed at 59395(0.04%) and December Silver closed at 75089(-0.78%).
Updated : Sep 04, 2023

Gold and silver prices today: Yellow metal firms up, U.S. report sparks concerns of future job losses

Analysts advise traders to book long positions and take fresh short positions in gold and silver near resistance levels