Finance News

Rupee rises 31 paise to 94.29 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 94.46, then touched 94.29, registering a gain of 31 paise from its previous close

Sales growth of private firms accelerates to 13.9% in Q4FY26: RBI data

Sales growth of listed private non-financial companies strengthened in the March quarter, driven by manufacturing and services sectors, according to RBI data

India expands UPI footprint with launch at France's Galeries Lafayette

India launches UPI at Galeries Lafayette in Nice, expanding its digital payments footprint in France and enabling seamless transactions for Indian travellers

RBI eases capital norms on ECLGS 5.0 loans with lower risk weight

The central bank has allowed a zero-risk weight on a large portion of ECLGS 5.0-guaranteed loans, reducing capital requirements for lenders under the scheme

Tax reforms needed to deepen corporate bond market, says CareEdge

CareEdge Ratings said adverse taxation, weak secondary-market liquidity and a narrow investor base continue to constrain the growth of India's corporate bond market

ECLGS 5.0 could raise debt levels of rated corporates by around 10%

Crisil Ratings says ECLGS 5.0 could add around 10% debt to rated companies as firms seek funding support to manage higher working capital needs amid the West Asia conflict

Rupee rises 5 paise to 94.53 against US dollar as West Asia tensions ease

At the interbank foreign exchange market, the rupee opened at 94.69, then gained momentum and touched 94.53 in initial trade, registering a rise of 5 paise from its previous close

NBFCs can distribute insurance products without seeking RBI approval

New framework permits insurance distribution subject to Irdai approval and lays down safeguards for sale of third-party financial products

India saw $4.7 billion current account surplus in April: RBI data

The merchandise trade deficit stood at $27.9 billion in April 2026, marginally higher than $27.1 billion in April 2025

RBI allows banks to open repatriable rupee accounts for overseas investors

Move operationalises Centre's decision to expand direct equity investment access beyond NRIs and OCIs

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

Economists have upgraded their outlook for India's balance of payments following the RBI's measures, with most now expecting a marginal surplus this fiscal year

Time for lenders to rethink MSME credit beyond collateral-based models

Financial institutions must pivot towards cashflow tracking and unified digital networks to unlock funding for small businesses

Rupee rises 58 paise to 94.60 against US dollar during early trade

Rupee movement today was significantly influenced by the peace deal between US and Iran and the consequent crash in Brent crude

Fintechs get boost from global AI firms as payment processing demand rises

Growing demand for AI services in India is creating a fast-expanding cross-border payments opportunity for domestic fintech companies

NFRA tightens audit oversight with new rules on inspections, remediation

New inspection guidelines require audit firms to submit remediation plans within three months and implement corrective measures within six months

RBI's swap facility for OFCB: Dollar route to cut banks' funding costs

The RBI's concessional swap facility for overseas foreign currency borrowings is expected to lower funding costs and help banks bridge the gap between credit and deposit growth

Biz growth, drop in delinquencies help micro lenders turn the corner

India's microfinance sector recorded its first sequential portfolio expansion in seven quarters, while asset quality improved and disbursements reached a seven-quarter high

Corporate bond market revives with ₹27,000-crore issuances this week

Borrowers raised around ₹27,000 crore through corporate bonds this week as softer yields lowered costs, with another ₹13,000 crore scheduled next week

RBI's FCNR(B) scheme may help NRIs earn up to 27 per cent returns

Brokerages estimate leveraged FCNR(B) deposits could generate annual returns of up to 27 per cent for NRIs while helping banks attract $30-60 billion in fresh foreign currency inflows

Rupee surges 65 paise to 95.20 against US dollar during early trade

A weaker greenback and positive sentiment at the domestic equity markets provided further boost to the local unit, according to forex traders