At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level.
Category: Finance
Rupee’s 12 paise tumble takes it to all-time low of 85.06 against USD in early trade
At the interbank foreign exchange, the rupee opened on a weak note and breached the crucial 85.00 level against the greenback.
Over 180,000 Singaporeans used ‘money lock’ feature to set aside SGD 15.8 billion
The Monetary Authority of Singapore has said over 181,000 customers have used the “money lock” security option as of Oct 31. It was introduced last year and is currently offered by DBS, OCBC, UOB, Citibank, HSBC, Maybank and Standard Chartered Bank.
Max Life Insurance survey reveals only 24 percent Indians confident of their savings lasting beyond 10 years post-retirement
As per the survey’s fourth edition, southern India (48) stands behind eastern India (54) and western India (49), as well as the national average of 49. This score, however, places the region at par with northern India.
Singapore FinTech Festival 2024 attracts 65,000 participants from 134 countries and regions; makes big plans for 2025
More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.
State Bank of India launches innovation hub at Singapore Fintech Festival to drive digital transformation
The State Bank of India (SBI) Innovation Hub was launched in partnership with APIX, a Singapore-based leading global collaborative innovation platform for financial institutions and fintechs at the festival, being held November 6-8.
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
Nirmala Sitharaman highlights need for comprehensive analysis of job trends at World Bank meeting
Sitharaman’s remarks came during her intervention at the plenary lunch ‘How Should the World Bank Shape Its Future Strategic Direction and Help Clients Create More Jobs to Keep Pace with Evolving Megatrends’.
Singapore residents take No. 1 spot in Asia and No. 4 in the world in financial asset ownership
The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
India’s forex reserves surge by USD 12.58 billion, cross USD 700 billion mark
The USD 12.588 billion would be one of the highest weekly rises ever and this is the first time the reserves have crossed the USD 700 billion mark.
