Foreign Exchange: Country's foreign exchange reserves increased by $ 2.9 billion, UCO Bank will pay up to 1.35% more interest on FD

Posted on 3rd Dec 2022 by rohit kumar

The country's foreign exchange reserves increased by $2.9 billion to reach $550.142 billion in the week ended November 25. In the week of November 18, the reserves had increased by $ 2.54 billion to reach $ 547.25 billion. In October 2021, foreign exchange reserves were a record $ 645 billion. According to RBI data released on Friday, foreign currency assets have increased by $ 3 billion during this period. However, the country's gold reserves declined by $73 million to $39.938 billion.

 

 

UCO Bank will give up to 1.35% more interest on FD

New Delhi. UCO Bank has increased the interest on FDs below Rs 2 crore by up to 1.35 percent. The bank said, 0.50 percent more interest will be available in 46 to 90 days. While FDs of 181 to 364 days will get 6% interest, which is 1.35% more than before.

 

 

India will continue to buy oil from all countries including Russia

India will continue to buy crude oil from all countries including Russia. The European Union has asked 27 member states to cap the price of Russian oil at $60. On the other hand, the Oil Ministry can demand compensation from the Finance Ministry for the losses incurred by the companies.

 

Two years relief in UPI transaction limit case

National Payments Corporation of India has given relief to units providing UPI facilities. Under this, the deadline to limit digital payment transactions for third-party providers to 30% has been extended by two years to December 2024.

 

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