Finance News

Rupee declines to 96.14/$ on rising oil prices, portfolio outflows

The ‌rupee declined to a low of 96.1475 per dollar, down nearly 0.2% on the day, before trimming losses on likely intervention by the Reserve Bank of India

Nomura projects terminal repo rate of 5.75% following Oct, Dec hikes

The RBI is likely to raise rates by 25 basis points in both October and December policy review meetings, reaching a terminal rate of 5.75 per cent, according to Japanese brokerage Nomura.

Half of govt ad spend on ten schemes went to GST Bachat Utsav: RTI

GST Bachat Utsav gets ₹27.1 crore, half of government's ad spend on 10 key schemes between FY24 and FY26

75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe

18% GST on merchant discount rate could be reviewed

Insurers seek softer landing on Irdai commission cuts in meet with chief

Ajay Seth meets insurers; industry seeks glide path on commissions, differentiated EoM limits

I-T dept extends corporate tax audit, ITR filing deadlines by three weeks

In a statement, the Central Board of Direct Taxes (CBDT) said the due dates for both the compliances have been extended

SC asks Centre to explain UPI charges above ₹2,000, refuses to stay levy

The Supreme Court has asked the Centre to explain the basis for UPI charges above ₹2,000, but refused to stay the new framework set to take effect from October 15

Rupee falls 20 paise to 95.95 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.89 against the American currency and lost further ground to touch 95.95 against the American currency

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion

RBI net dollar purchases hit record $18.65 bn in July: Monthly bulletin

The central bank's concessional swap facility drove dollar inflows, while its outstanding net short position in the forward market surged to a record $136.77 billion

High credit-deposit ratio does not signal funding vulnerability: RBI report

Loans themselves result in the creation of deposits; RBI report says the CD ratio should be assessed alongside liquidity, capital and other prudential indicators

SC to hear plea against MDR on UPI merchant payments above ₹2,000 on Monday

Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over ₹2,000 made to merchants through the UPI platform from October 15

Sidbi pulls out ₹6,000 crore 3-year bond issuance as yields harden

Investors sought higher yields for SIDBI's three-year bonds as government bond yields hardened amid rising crude oil prices and higher US Treasury yields

RBI Bulletin: FCNR(B) boost for rupee dented by recent crude oil spike

Commercial banks mobilised $133 billion in FCNR(B) deposits after the RBI opened its concessional swap window in June, prompting the scheme to close a month early

PSU banks waive ATM charges for customers during three-day bank strike

Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday

Govt approves voluntary retirement of LIC Managing Director Dinesh Pant

Pant, who was appointed Whole-time Member (Actuary) of Irdai in June 2026, ceased to be LIC's managing director and key managerial personnel from September 24

MFIs to seek higher household income threshold for microfinance borrowers

To widen borrower eligibility, the microfinance industry wants the household income threshold increased to Rs 300,000 per annum to adjust for inflation in the past five years since it was last hiked.

Rajasthan tax department expands probe into evasion, false claims

Rajasthan's State Tax Department detected potential tax liability of ₹22.79 crore at over 25 establishments during its crackdown on suspected GST evasion and fraudulent ITC claims.

Central govt disburses ₹36,754 crore under PLI schemes as on June 30

The government launched the PLI schemes in 2020 for 14 key sectors, with an approved outlay of ₹1.91 trillion, to enhance India's manufacturing capabilities, attract investment, promote exports

UPI MDR decision purely professional, no external pressure: FM Sitharaman

Sitharaman said the decision was completely professional, and it was taken jointly by the NPCI, payment banks and merchant banks, and not imposed by the government.