A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
11:10 AM
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Many banks across India are closed today for Mahavir Jayanti, impacting customers in states like Gujarat, Maharashtra, and Uttar Pradesh. However, agency banks handling government transactions will remain open on March 31st to facilitate financial year-end dealings. Digital banking services are unaffected, but check with your bank for specific details.
12:10 PM
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The Indian rupee saw a significant rebound, gaining 128 paise to 93.57 against the US dollar following RBI's directive to limit banks' currency exposure. This move prompts banks to reduce dollar holdings, offering temporary support.
9:10 AM
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Stock market recommendations: Ipca Laboratories, and AU Small Finance Bank are the stocks that Motilal Oswal Wealth Management Research Desk recommends buying for the week starting March 30, 2026. Target prices and potential upsides are listed below:
5:10 AM
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4:10 AM
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Until Friday, banks could run net open positions of up to 25% of their net worth. In practice, large lenders often accumulated sizeable long dollar bets, sometimes in excess of of $1 billion, on expectations of rupee depreciation. The new cap forces a rapid reversal. By April 10, 2026, banks must cut these exposures to $100 million. This compels them to sell dollars and buy rupees to close the gap.
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