Finance News
MFIs may have to grin & bear for some time as funding pressures persist
A tweak in microfinance norms may be needed as flight to safety overrides growth objectives
 "MFIs may have to grin & bear for some time as funding pressures persist")
FPIs pull out ₹52,100 cr from equities in Oct so far amid global headwinds
The latest outflow follows a net withdrawal of ₹ 35,861 crore in September. FPIs had invested ₹ 20,200 crore in Indian equities in July and ₹ 29,631 crore in August
 "FPIs pull out ₹52,100 cr from equities in Oct so far amid global headwinds")
India's forex reserves fall for fifth straight week to $726 billion: RBI
Rupee's gains continue, reaching over a one-month high
 "India's forex reserves fall for fifth straight week to $726 billion: RBI")
L&T Finance cautious on rural loans amid weather risks, eyes urban growth
The NBFC expects loan-book growth of over 20 per cent in H2FY27, driven by urban finance and festive demand, while monitoring crop output, rural liquidity and weather-related risks
 "L&T Finance cautious on rural loans amid weather risks, eyes urban growth")
Global investors firm India BFSI bets with over $20 bn in deals since 2025
Major investments by Fairfax, MUFG, SMBC and Emirates NBD lead a wave of foreign capital commitments across India's banking, NBFC and insurance sectors amid regulatory reforms and strong credit demand
Global digital payments to double by 2030 as new instruments gain ground
Capgemini's World Payments Report 2027 says non-cash transactions have grown nearly fivefold over the past decade, with instant payments, e-money and digital currencies reshaping global commerce
 "Global digital payments to double by 2030 as new instruments gain ground")
India wants to push rupee trade to help forex-starved nations: Sitharaman
Finance Minister Nirmala Sitharaman said rupee and local currency settlements could help countries struggling to access hard currencies continue importing essential goods from India
 "India wants to push rupee trade to help forex-starved nations: Sitharaman")
Rupee rises 20 paise to 94.79 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 94.75, then touched 94.79, registering a gain of 20 paise over its previous close
 "Rupee rises 20 paise to 94.79 against US dollar during early trade")
RBI's rupee defence comes at a cost as liquidity dries up, yields rise
The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee
 "RBI's rupee defence comes at a cost as liquidity dries up, yields rise")
RBI has spent half of $140 bn FX capital to defend rupee, bankers estimate
RBI has deployed an estimated $75 bn-$80 bn through spot dollar sales and currency swaps since June, as high oil prices, rising US Treasury yields and foreign equity outflows weigh on the rupee
 "RBI has spent half of $140 bn FX capital to defend rupee, bankers estimate")
India may need rate hikes, tax relief to ease pressure on rupee: Analysts
The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure
 "India may need rate hikes, tax relief to ease pressure on rupee: Analysts")
Rupee rises 31 paise to 94.86 against US dollar during early trade
RBI's forex interventions and the unwinding of long dollar positions supported the rupee, while analysts flagged external pressures and identified 94.80 as a key level to watch
 "Rupee rises 31 paise to 94.86 against US dollar during early trade")
IDBI Bank deal to bolster Fairfax's India financial services play further
Separately, Fairfax, through FAL Corporation, held a 65 per cent stake in Valueattics Re, India's first privately owned domestic reinsurer, as of March 2026
 "IDBI Bank deal to bolster Fairfax's India financial services play further")
Rupee gains for third straight session, closes at 95.16 on RBI support
The rupee closed at 95.16 per dollar, up 0.13 per cent, as RBI forex measures and Governor Sanjay Malhotra's comments lent support, while importer demand capped its gains
 "Rupee gains for third straight session, closes at 95.16 on RBI support")
India tightens Mauritius tax treaty, adds test to deny tax-driven benefits
The amended India-Mauritius tax treaty introduces a principal purpose test, allowing authorities to deny benefits where securing a tax advantage is a main purpose of a transaction
 "India tightens Mauritius tax treaty, adds test to deny tax-driven benefits")
Explained: What is Account Aggregator framework, and how does it work?
From November 1, financial institutions will pay a standard fee to access customer data through the Account Aggregator network. Here's how the framework works and what the new pricing means for users
 "Explained: What is Account Aggregator framework, and how does it work?")
Rupee rises 44 paise to 94.92 against US dollar during early trade
At the interbank foreign exchange market, the rupee opened at 95.05, then gained ground to touch 94.92, registering a gain of 44 paise over its previous close
UPI MDR deferred until after Diwali, new date to be notified: NPCI
NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged
 "UPI MDR deferred until after Diwali, new date to be notified: NPCI")
Average car loan size jumps 49% in 7 years as buyers shift to SUVs
TransUnion CIBIL data shows average passenger-vehicle loan sizes rose 49 per cent between H1 2019 and H1 2026, while repayment tenures increased by five months to 62 months
 "Average car loan size jumps 49% in 7 years as buyers shift to SUVs")
RBI to continue efforts to contain rupee volatility: FM Nirmala Sitharaman
Open to views on long-term capital gains tax and securities transaction tax, says FM Nirmala Sitharaman
 "RBI to continue efforts to contain rupee volatility: FM Nirmala Sitharaman")