After setting up a working group to study the possibility of a Central Bank Digital Currency( CBDC) in India in 2020, the RBI released a conception note on digital rupee(e-rupee) on 7th October 2022. The Government of India had also blazoned the launch of a CBDC in its 2022 Union Budget. According to the RBI […]
Why Sensex is up 1,200 points today: Key triggers to know
Indian stocks requests rebounded explosively moment, led by earnings in banking stocks. A tried brio in global equities and upbeat daily updates from banks also lifted sentiment ahead of the commercial earnings season. The NSE Nifty 50 indicator rose 2 to,220 situations while Sensex jumped,200 points. Wall Street rallied overnight while Asian stocks were substantially […]
RBI REPO RATE: LOANS TO GET COSTLIER AS RBI HIKES KEY LENDING RATE TO 3-YEAR HIGH
The Reserve Bank of India hiked its crucial lending rate by0.5 per cent to a three- time high of5.90 per cent, which will weigh heavily on the formerly stretched budgets of Indian homes dealing with a rise in prices of nearly every item. The 50 base points hike marks the fourth successive increase since May […]