RBI policy rates- truecolumn Business 

Rupee crossed 74 mark against US Dollar, RBI Policy rates surprised all

Sinking day by day to an all-time low, Rupee has crossed the unbelievable mark of 74 against US Dollar on Friday thus creating a massive disturbance in the stock market. Meanwhile, the RBI has announced its fourth bi-monthly policy rates today thus surprising everyone for the unchanged Repo Rate. The repo rate at which RBI lends money to the commercial banks was expected to be increased by 25 basis points or 0.25% but it is kept still at 6.5% as against raised on August and July this year. The five-panel…

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valueof rupee- truecolumn Business 

Value of Rupee falls record low of 73.77 against Dollar, immediate steps taken

Thrashing everyone’s aspiration, again and again, Value of the rupee is still falling with the flow and this time to a record low level of 73.77 against Dollar on Thursday. Thus, government and RBI have taken some immediate steps to further control the hike in the rupee value. Value of rupee falls to about 44 paise in the morning due to hike in the international oil prices thus leading a fear of maintaining Current Account Deficit (CAD) and Capital Outflows in the coming days. Talking about the reason of the…

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arunjaitley-trucolumn Business 

Rupee continues to fall, Arun Jaitley blames “Global Reasons”

Devaluation of rupee is still continued at the sixth straight day today and it closes at 71.75 on Wednesday. However, Finance Minister Arun Jaitley termed the Rupee fall due to Global reason rather than the domestic reasons. Arun Jaitley said the devaluation is due to rising crude oil prices and US Investors withdrawing hands from overseas investments in the global market. Mr Jaitley said, “There are no domestic reasons. Reasons are global. In the last few months, the dollar has strengthened against every currency”. Finance Minister has recovered from an…

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sbi-truecolumn Business 

Good news for the job seekers, SBI to hire 10,300 employees this year

Here is some good news for the bank job seekers who were disheartened by the subtraction of jobs last year as the country’s largest lender, State Bank of India is planning to hire 10,300 employees before the end of March 2019. The announcement comes as effect in the reduction of 15,762 employees due to the digitisation and retirements. The corporate development officer at SBI, Prashant Kumar confirmed about the news of recruiting 2,000 Probationary officers and 8,300 clerical staff. Kumar said, “Basically, we are replacing only about 75 percent of…

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