Central Bank

Global Financial Markets Eye US Monetary Policy Next Week For Fresh Cues

Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any. The US Federal Reserve's next meeting is scheduled for September 17-18, 2024. US Federal Reserve Chair...

 RBI Slaps ₹2.41 Crore Fine on Visa for Unauthorised Payment Method

The Reserve Bank of India (RBI) recently fined Visa ₹2.41 crore (about $288,000) for utilizing an unapproved payment transfer method. The central bank made this information public on Friday, highlighting that Visa had implemented a payment authentication mechanism without first gaining the necessary regulatory approval. The RBI's official statement noted,...

Indian Stocks Strengthen Following Indications of Potential Rate Cut by US Central Bank in 2024

Indian stock indices showed strength on Thursday following a global surge in stock markets, prompted by the US Federal Reserve's decision to maintain its projection of three rate cuts this year during its latest monetary policy review meeting. As of 10:09 am, the Sensex stood at 72,724.62 points, up 622.93...