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The victory in the zonal round has earned the OMC doctors a spot in the national round of the RBI90 Quiz, scheduled for December 6, 2024, in Mumbai. Teams from PES University, Karnataka, and Mar Ivanois College, Kerala, secured second and third places, respectively, in the zonal competition. The top three teams received prizes of Rs 5 lakh, Rs 4 lakh, and Rs 3 lakh.

"Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted in Apollo Hospital, Chennai for observation,” said an RBI spokesperson

The UPI hit a milestone of 16.6 billion transactions in a month in October, with improvements in its capabilities like successful instant debit reversals at 86 per cent (77 per cent in the same month last year)

With inflation not expected to return to 4% medium-term target until at least 2026, there are fears that rate cut could be delayed further

With significant increase in cases of cyber fraudsters using ‘mule bank accounts’, to dupe people, the cyber crime officials are now verifying the complicity of bank officials in important cyber fraud crimes.

India's gold reserves reached $65.76 billion as of October 4, up from $21.15 billion on December 7, 2018, according to RBI data. Since Shaktikanta Das took office as RBI Governor in December 2018, foreign exchange reserves have also surged by 78%, rising to $701.18 billion as of October 4, compared to $393.74 billion in December 2018.

Under the BRS government, Telangana achieved a remarkable 15.9% Compound Annual Growth Rate (CAGR) in development expenditure, surpassing the national average by 5.81%

The RBI’s stance suggests a continued focus on price stability, given the current economic climate

The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

Purchases in banking and IT stocks contributed to the positive market trend. The 30-share BSE Sensex rose by 123.45 points, or 0.15%, to reach 81,758.26 in early trade. Meanwhile, the NSE increased by 39.65 points, or 0.16%, to 25,052.80.

Most major central banks have shifted towards rate cuts, with the US Fed recently lowering rates by 50 basis points. Meanwhile, the RBI has kept its accommodative stance. The focus now turns to whether the central bank will transition from this accommodative position to a more neutral approach.

Incident came to light when two unidentified men duped an Ahmedabad bullion trader using fake notes featuring the Bollywood actor instead of Mahatma Gandhi

Forex traders noted that market participants are awaiting the US Fed's policy announcement on Wednesday, where a rate cut is expected, though its size remains uncertain. They also mentioned that the rupee remains stable within a defined range due to active intervention by the Reserve Bank of India (RBI).

Forex traders noted that the US dollar weakened against major currencies following a softer-than-expected US Producer Price Index (PPI) report, making the Dollar Index susceptible to further correction. In the interbank foreign exchange market, the rupee opened at 83.90 against the dollar, gaining 7 paise from its previous close.

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Sensex sheds 325.97 points to 79,142.04, Nifty dips 99.1 points to 24,198.40

Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price

Reporting within 1 to 3 hours increases chances of recovering lost money