Finance News

Rupee declines 30 paise to 95.94 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.86, then fell further to 95.94 against the US dollar, registering a fall of 30 paise from its previous close

Govt likely to restrict manual edits in GSTR-3B returns under GST push

The proposed move aims to reduce GST mismatches and tighten compliance by limiting manual changes in GSTR-3B once returns are auto-populated

Satin Creditcare Network aims to reach ₹32,000 crore AUM by FY30

Microfinance lender expects stronger growth and better collection efficiencies as it expands branches and diversifies operations

Banks back RBI's proposed 1-hour lag for digital payments above ₹10K

But they seek increase in threshold to ₹25,000; payment industry flags operational issues

Reserve Bank of India cancels registration of 7 NBFCs, including 2 CICs

Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments

Rupee declines 20 paise to all-time low of 95.86 against US dollar

At the interbank foreign exchange market, the rupee opened at 95.74, then fell further to a record low of 95.86 against the US dollar, registering a fall of 20 paise from its previous close

EPFO plans risk-based inspection to replace discretionary checks

New framework will replace discretionary inspections with technology-driven compliance checks based on data analysis and risk profiling

Withdrawal of retirement provident funds to soon be automated: EPFO

At present, partial or advance withdrawal claims of up to ₹5 lakh are settled through auto mode, and the deadline for the auto-settlement mode is three days from filing the claim

India's foreign exchange reserves still robust to defend rupee: Economists

The central bank's reserves, despite being among the world's biggest, are facing tougher scrutiny from investors as the rupee hits record lows

Rupee falls to record low of 95.63 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback

RDI SPF to issue cheques soon, says ANRF CEO Shivkumar Kalyanaraman

The ₹1 lakh crore RDI Fund aims to create a deep-tech asset class and mobilise up to ₹10 lakh crore through private-sector innovation and research

Govt not complacent, more reforms in the pipeline: Shaktikanta Das

Principal secy-2 to PM nudges industry to reorient biz to be future-resilient

RBI to conduct three-day VRR auction on Tuesday, aims to infuse ₹50K crore

The Reserve Bank of India will conduct a Rs 50,000 crore VRR auction after overnight call rates moved above the policy repo rate amid evolving liquidity conditions

Prosperity is both India's ambition and destiny: RBI dy governor Gupta

RBI Deputy Governor Poonam Gupta says India has entered a virtuous cycle of growth and stability, with many states likely to approach high-income levels by 2047

SBI chief flags rising risks from rapid growth in digital finance

Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems

Life insurers' new business premium jumps 39% in April on GST boost

Life insurers reported a sharp rise in new business premium in April, driven by strong growth in LIC and private insurers amid continued GST-related momentum

Fintech firms form SRO to boost trust in digital precious metals market

Digital gold and silver platforms have formed a self-regulatory body to improve governance, transparency and consumer protection amid regulatory uncertainty

RBI steps in to support rupee as Iran war, PM Modi's remarks spook traders

The renewed pressure on Indian markets came after US President Donald Trump on Sunday rejected Iran's response to a US proposal for peace talks to end the war

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy

Rupee crashes 139 paise to 94.90 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close