In the previous week ended January 8, the reserves had climbed by $758 million to touch a lifetime high of $586.082 billion

RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019

In the previous week ended January 1, the reserves had increased by $4.48 billion to $585.32 billion

The instant loan apps offer loans to individuals and levy exorbitant interest rates and processing charges. These could range from 2-3 per cent per month, adding up to an average of 24-36 per cent a year

Following the news, Bharti Airtel share price opened higher at Rs 542.80 and later gained 2.62% intraday to Rs 554.40 against the previous close of Rs 540.25

In the reporting week, the increase in reserves was on account of a rise in foreign currency assets (FCAs), a major component of the overall reserves

The issue will open for subscription from January 11 to January 15, 2021 with 19 January 2021 as its settlement date

On Multi Commodity Exchange of India (MCX), gold futures for February slumped 4% or Rs 2,086 to Rs 48,818 per 10 gram while silver futures tanked Rs 6,112 or 8.8% to Rs 63,850 per kg

Clarifying a December 28, 2020 notification, the Department of Revenue in the ministry said cash purchase of jewellery, bullion and precious gems and stones of value more than Rs 2 lakh is not allowed without KYC in the country for the past few years

The stock price of the private lender opened higher at Rs 17.70 today and gained to day's high of Rs 17.81 on BSE. Later, the stock erased early gains and fell 1.3% to hit an intraday low of Rs 17.49, against the last close of Rs 17.73

The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24

The increase in forex reserves was attributed to a rise in foreign currency assets (FCAs), which soared by $1.382 billion to $537.727 billion in the week ended December 18 2020

The country's reserve position with the IMF also rose by $160 million to $4.870 billion

The issue price for the new series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, says Reserve Bank of India

Bitcoin surged to new record highs of $23,770 earlier on Thursday, before quickly falling back by over $1,500 to $22,185

India Stock Market Highlights Today: In today's session, Sensex hit an all-time high of 46,992 and Nifty logged a lifetime high of 13,773

India Stock Market Highlights Today: Global equities were buoyed today as COVID-19 vaccine developments and prospects of more stimulus boosted investor sentiment

RBI data showed, the country's FOREX reserves surged by USD 4.525 billion to touch a record high of USD 579.346 billion

India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

India Stock Market Highlights Today: Maruti Suzuki, Hindalco, Tata Steel and GAIL India were the top gainers on Nifty rising up to 3.62%. SBI Life Insurance, Infosys, Bharti Airtel and Axis Bank were the top losers falling up to 1.79% on Nifty