RBI's monthly bulletin for August 2022 released on Thursday showed that the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion for the reporting month. It turned out a net seller of the US currency in June after it sold USD 3.719 billion on a net basis, the data showed. In May 2022, RBI net bought USD 2.001 billion only.

Shiba Inu currently trades at $0.00001436. In the last 24 hours, the coin moved 7.07% to the downside and went up by 14.62% in the past 7 days. The 15th largest cryptocurrency by market cap is moving in tandem with the rest of the market. The 24-hour trading volume is at $616 Million, which is a 39.65% decrease in the last 24 hours.

The website Shibburn reports a dramatic 322% rise in Shiba Inu's burn rate. Despite the fact that less SHIB is being burned than usual, burning activities are resuming across the board. 4,854,572 SHIB tokens were burned in a single transaction during the last hour, and a few million SHIB were sent to dead wallets in last few hours.

An RBI article warns the government that Big Bang privatisation of public sector banks can do more harm than good. It questions the government on taking a nuanced approach on the issue. The article states that, “From a conventional perspective, privatisation is a panacea for all ills, the economic thinking has come a long way to acknowledge that a more nuanced approach is required while pursuing.”

Yuga Labs, the team behind the popular NFT Bored Ape Yacht Club (BAYC) collection, announced that the company and the NFT ecosystem around it would only accept NFT on the ETH PoS chain. Yuga Labs stated that it wouldn't be accepting versions appearing on PoW hard fork chains. Tether, Circle, Binance, FTX or AAVE also accepted ETH PoS.

NHPC announced on Thursday to have signed a deal with Nepal to develop a hydroelectric plant in the west of the nation years after a Chinese firm backed out. Nepal’s rivers has potential to generate nearly 42,000 megawatts of hydroelectric power. The country will offer. Its rivers to foreign players to develop its economy and export electricity to narrow the trade deficit of more than $13 billion.

WhaleAlert, a well-known cryptocurrency monitoring service, has discovered numerous sizable transactions that involved around 767M XRP tokens. There were two enormous single XRP lumps transmitted between anonymous wallets. One of them transferred 279,622,820 XRP worth $106,641,340, and the other carried 286122720 XRP worth $105,723,950. 50M XRP worth $18,877,056 was shifted by Ripple.

The wholly owned subsidiary of the National Payments Corporation of India (NPCI), NPCI International Payments Limited (NIPL), on Thursday announced its collaboration with PayXpert for acceptance of the payment solutions in the UK. NIPL has signed an MoU with the PayXpert to make the Indian payment solutions available in the UK through its Android point-of-sale (POS) devices for in-store payments.

Slice, Uni and LazyPay received notice from State Bank of Mauritius India (SBM Bank India) right after RBI released its first set of guidelines on digital lending on August 10. The notice appears to be the fresh trouble for fintech players Slice, Uni and LazyPay, as the SBM is reportedly considering pausing onboarding of new customers for prepaid cards till more clarity emerges on the model.

On Thursday, the market capitalisation of the BSE-listed companies reached an all time high of more than ₹280.52 lakh crore on Thursday, helped by the recent rally in equities. The benchmark marked its fifth straight session of gains with this hike today. The 30-share BSE Sensex today ended 37.87 points or 0.06 per cent higher at 60,298. From its all time highs, Sensex is now 2,000 points away.

Adani Group Chairman Gautam Adani, has been accorded with a ‘Z’ category VIP security cover by the govt after a threat perception report. But he is not the only protectee who has the highest level of protection in India. 🥷🏻The layer of security covers in India are X, Y, Y-plus, Z, Z-plus and the Special Protection Group (SPG). Check out more about India’s finest security force here 👉🏻

Shashank Srivastava, senior executive director, marketing & sales at Maruti Suzuki India Limited (MSIL) said the semiconductor supplies have reached 95% levels; feeling a gradual recovery in the company’s monthly output. However, he said, the situation may remain the same for the entire second quarter of FY23 as chip supplied haven’t reached 100% yet.

U.S. stocks opened on a steady note on Thursday as investors were busy considering the earnings reports, jobless claims and fed’s minutes of meeting finding clues about the economic outlook and trajectory of interest rates. The S&P 500 edged 0.1% lower early Thursday. The Dow Jones Industrial Average skids 0.3%. The technology-heavy Nasdaq Composite dropped 0.1%.

Covalto, a Mexican digital and banking services platform announced to list on Nasdaq exchange through a special purpose acquisition company (SPAC). It was previously known as Credijusto and could generate up to $177 million of capital before expenses, Covalto said on Thursday. With this listing, Covalto will mark the first time a Mexican fintech trades publicly on a U.S. stock bourse.

Adani Group has placed an order for five flue gas desulfurization (FGD) projects worth Rs 6,163.20 crore to Power Make Projects Ltd. According to the filing, Hyderabad-based Construction and Services has placed orders for 15 FGD retrofits with sizes of 330 MW and 660 MW for the coal-based unit. These engineering, procurement and construction projects are expected to be implemented over the next 30