Finance News

Rupee falls 8 paise to 95.78 against US dollar in early trade on oil prices

Forex traders said escalating US-Iran conflict is again boosting safe-haven demand for the dollar

Cash logistics companies nudge banks towards demand-led ATM loading

India's cash logistics industry has proposed flexible ATM replenishment cycles to reduce fuel consumption and operating costs amid rising fuel prices and wage pressures

Rupee declines 17 paise to 95.43 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, down 17 paise from its previous close

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

Rupee rises 40 paise to 95.20 against US dollar on hopes of Iran peace deal

At the interbank foreign exchange market, the rupee opened at 95.36 against the US dollar, then touched 95.20 in early trade, up 40 paise from its previous close

RBI will do 'whatever is required' to ensure orderly forex market: Guv

Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28

ICICI Bank seeks at least ₹100 crore recovery from fintech firms

Growing discomfort among banks over eroding interchange income

RBI's MPC likely to maintain status quo in June: Business standard poll

The domestic rate-setting panel cut the policy repo rate by a cumulative 125 basis points in 2025 and it was on hold in the February and April policies

ATM interchange fee may be indexed to WPI; NPCI likely to take up matter

NPCI may review ATM interchange fees and link charges to WPI as rising operating costs put pressure on India's ATM ecosystem

ECLGS 5.0 finds traction as MSMEs look for buffer amid uncertainty

Banks are seeing early interest in ECLGS 5.0 as MSMEs seek extra liquidity buffers amid rising uncertainty linked to the West Asia crisis

FY26 NRI deposits declined to $14.4 billion: RBI's monthly bulletin

Inflows into India's non-resident deposit schemes moderated in FY26, with FCNR(B) deposits witnessing a sharp slowdown, RBI data showed

India offers talent, growth opportunities via GIFT city: FM Sitharaman

Nirmala Sitharaman says GIFT City showcases India's scale, talent and technology as banking assets cross $110 billion at the IFSC hub

Crude oil prices remain risk to external sector outlook: RBI Bulletin

The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin

RBI injects ₹81,590 cr liquidity into banking system via VRR auction

The demand for funds still remained lower than the notified amount of Rs 1 trillion despite the sharp drop in liquidity surplus in the banking system

India's forex reserves drop ₹8 bn to ₹688.894 bn, shows RBI data

The overall reserves had jumped by $6.295 billion to $696.988 billion during the week ended May 8

RBI may turn to 2013 taper tantrum playbook to defend weakening rupee

The urgency has grown after the rupee slumped to a record low of nearly 97 per dollar this week, driving up import costs and further eroding investors' confidence

RBI not in favour of rate hikes to defend rupee, prioritises inflation

India's rupee has fallen nearly 6 per cent since the Iran war began late in February and slumped to a record low of nearly 96.96 per dollar on Thursday

Rupee rises 18 paise to 96.18 against US dollar on RBI intervention

At the interbank foreign exchange market, the rupee opened at 96.30 against the US dollar, then touched 96.18 in early trade, up 18 paise from its previous close

Don't lose sleep over rupee slide, 100 is just a number: Panagariya to RBI

Arvind Panagariya advised the RBI not to worry about the rupee crossing 100 against the dollar and said depreciation is the right response to the oil shock

RBI board may approve ₹2.8-3.3 trillion surplus transfer on Friday

Economists expect the RBI's FY26 surplus transfer to the government to exceed last year's record Rs 2.7 trillion dividend payout