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RBI’s New Norms: Lenders Must Return Property Documents Promptly or Face Penalties
The Reserve Bank of India (RBI) recently introduced revised norms that mandate lenders to return original property documents to borrowers within 30 days of complete loan repayment. Failure to do so will result in a penalty of Rs 5,000 per day, payable by the lender to...
Rupee closes weaker; traders expect muted reaction to US CPI
In a recent trading session, the Indian rupee exhibited slight weakness in line with other Asian currencies. Investors remained cautious due to concerns over oil supply cuts potentially leading to imported inflation and adversely affecting the domestic currency. Key...
Rupee traders lighten positions in lead up to US inflation data
In a brief overview of the financial landscape: The Indian rupee remained stable as traders adjusted positions in anticipation of U.S. inflation data, which will impact the Federal Reserve's rate hike decisions. The rupee was trading at 82.9275 against the U.S....
Sell USDINR; target of : 82.80 : September 13, 2023: ICICI Direct
The Indian Rupee (INR) recently appreciated to 82.92 against the US Dollar (USD), but its gains were tempered by a stronger USD and rising crude oil prices. The INR is expected to face resistance near 83.10 and may retrace towards 82.80 due to strong factory output...
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