RBI

Regulatory Consensus: IRDAI and RBI Oppose Institutional Entry into Commodity Derivatives

News Desk6 hours ago03 mins

Regulatory Stance on Commodity Derivatives In a significant regulatory development, the Insurance Regulatory and Development Authority of India (IRDAI) and the Reserve Bank of India (RBI) have formally signaled their opposition to allowing institutional investors, specifically banks and insurance companies, to participate in commodity derivative markets. The Securities and Exchange Board of India (SEBI) confirmed…

Indian Rupee Plummets to Record Low Against U.S. Dollar Amid Global Economic Headwinds

News Desk6 hours ago03 mins

The Indian rupee plummeted by 39 paise to reach an all-time closing low of 95.23 against the U.S. dollar on Tuesday, as surging global oil prices and consistent foreign capital outflows rattled domestic markets. Traders in Mumbai reported intense selling pressure throughout the session, driven by deepening geopolitical uncertainties that have triggered a flight to…

Rohit Jain Appointed as RBI Deputy Governor

News Desk20 hours ago20 hours ago03 mins

Appointment Announcement The Government of India has officially appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI), effective May 3. The appointment, confirmed through an official government notification, secures Jain’s position at the central bank for a three-year term. Jain steps into the role during a critical juncture for…