Finance News

Rupee falls 7 paise to 95.68 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.68, down 7 paise from its previous close

Rupee, bond bets retreat after RBI's dollar swap window ends early

The estimates are being reworked after the central bank Friday decided to end a program attracting dollars from overseas Indians a month earlier than planned, having garnered more than $50 billion

India needs guardrails for shadow-bank flexi loans, not blanket bans

The RBI's proposal to restrict flexible repayment loans by nonbanks could curb risks of bad-debt evergreening, but may also hurt self-employed workers and small businesses that rely on such credit

$10.5 bn FCNR (B) swap cost over 5 years is 1.45% of forex kitty: Report

Cost is unlikely to have constrained RBI's decision to close the swap window early; reserves could rise to $800 billion over five years, the report said

Govt to examine litigation funding for PUFE deals under insolvency regime

The MCA will study third-party litigation funding for PUFE transactions as funds worth over Rs 4.38 lakh crore remain locked in avoidance proceedings under the insolvency regime

Govt to set up high-level banking committee soon: FM Nirmala Sitharaman

Deliberations at PSB Confluence to act as template for panel

Sebi cautions investors against 'live trading strategies' on social media

The regulator said it has come to its notice that certain individuals on social media platforms are offering real-time tips on taking positions in the stock market through live trading sessions.

Sebi revamps mutual fund registration process, sets out eligibility norms

Sebi has also proposed extensive regulatory and background checks as part of the registration process.

FIDC to flag NBFC concerns over RBI's proposed revolving credit ban

The industry body is collating views from NBFCs before submitting feedback to the RBI, with lenders warning that the proposed restriction could favour banks

Rupee seen weakening to 97 per dollar by FY27 end amid global risks: BMI

BMI expects the rupee to weaken to ₹97 per US dollar by the end of FY2026-27, which runs from April 2026 to March 2027, and to ₹99 per dollar by the end of FY2027-28, from ₹95.4 currently

FCNR(B) swap window explained: Why RBI opened it, then advanced deadline

RBI has brought forward the deadline for its special FCNR(B) swap window to August 31. Here's what it means

Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman

In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth

RBI's heavy FX footprint revives memories of a tightly managed rupee

Despite volatile crude oil prices ​due to war in the West Asia and persistent dollar demand from hedging flows, the rupee has ‌demonstrated remarkably muted price action since last week

Rupee falls 17 paise to 95.59 against US dollar during early trade

At the interbank foreign exchange, the rupee opened at 95.50, then fell to 95.59, down 17 paise from its previous close

UPI vs cards: Why merchants pay MDR on cards but not on UPI payments

UPI payments are free for merchants, while card transactions carry MDR. Here's why the two digital payment systems have different costs and how a possible UPI charge could work

Small merchants built UPI's reach. Here's what government data shows

Small merchants have driven UPI's mass adoption. Here's why defining who qualifies as a small merchant matters as the government creates a framework for potential MDR

Banks race for dollar deposits as RBI curtails FCNR (B) swap window

Despite early closure, experts expect total inflow of $60-70 bn by Aug-end

WhatsApp Pay's UPI volumes doubled to 168 million in July, shows data

Moved ahead of players such as Cred, Amazon Pay

DFS to hold PSB, PFI confluence on sector's road map for Viksit Bharat

The two-day conclave will focus on deposit mobilisation, credit expansion, rural value chains, wealth management and other next-generation reforms for public sector banks

FinMin nudges ministries to use PPI for rate adjustments in govt contracts

The Department of Expenditure, in a communication to all ministries and departments, said that PPI is a more internationally accepted index compared to WPI used in government contracts