Rupee continues healing: Currency rises 22 paise in early trade; reaches Rs 89.45 against US dollar

Rupee continues healing: Currency rises 22 paise in early trade; reaches Rs 89.45 against US dollar

Rupee strengthened in early trade on Monday, rising 22 paise to 89.45 against the US dollar, extending its recovery after hitting record lows in recent weeks.Earlier this month, rupee slid to a series of lifetime lows, even weakening beyond the 91-per-US-dollar mark. The currency, however, later healed in recovery attributed to likely intervention by the…

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RBI risk guardrails: SBI, HDFC and ICICI keep D-SIB tag; what do higher capital buffers mean for them?

RBI risk guardrails: SBI, HDFC and ICICI keep D-SIB tag; what do higher capital buffers mean for them?

India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…

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