RBI Expands Gold Hedging Options for Residents Amidst Price Surge The Reserve Bank of India (RBI) has recently announced an expansion in gold hedging options for residents amidst a significant surge in gold prices. This move comes as a response to the growing demand for hedging mechanisms among residents to mitigate risks associated with gold…
Government Approves 1-Year Extension for RBI Deputy Governor Michael Patra The Ministry of Finance has recently approved a one-year extension for Reserve Bank of India (RBI) Deputy Governor, Michael Patra. This decision holds significant importance for aspirants preparing for various government exams, especially those related to banking and financial sectors. In a recent development, the…
SEBI Proposes Two-Phase Transition to Instant Settlement in Indian Stock Market The Securities and Exchange Board of India (SEBI) recently announced a pioneering proposal to introduce a two-phase transition toward instant settlement in the Indian stock market. This groundbreaking initiative aims to revolutionize the current settlement system by bringing in a mechanism that will enable…
“Private Banks Make Largest Single-Day Govt Bond Purchase in 7 Years” Private banks recently made a significant move in the financial market by executing the largest single-day government bond purchase seen in the past seven years. This move, highly noteworthy in the financial sector, showcases a pivotal shift in investment strategies among private banking institutions….
Richest Man in the World 2023 In the fast-paced world of finance and business, the title of the “Richest Man in the World” is one that captures the attention of millions. In 2023, this title underwent a significant shift, with a new individual claiming the coveted spot. This development has far-reaching implications, not just for…
RBI Keeps Repo Rate Unchanged at 6.5%: Here’s What It Means for Govt Exam Aspirants The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This was announced by RBI Governor Shaktikanta Das on April 6, 2023. The repo rate is the rate at which the central bank lends…
Article: India’s Forex Reserves Rise by $5.98 Billion to $578.78 Billion India’s foreign exchange reserves have increased by $5.98 billion to reach $578.78 billion as of March 24, 2023, as per the data released by the Reserve Bank of India (RBI) on Friday. This rise in reserves can be attributed to the increase in foreign…
