Finance News
About 88% of individual taxpayers have opted for new tax regime: CBDT chief
Agrawal said he was confident about meeting the direct taxes collection target for the 2025-26 fiscal that has been revised to ₹24.21 trillion in the Budget
 "About 88% of individual taxpayers have opted for new tax regime: CBDT chief")
RBI's $10 billion FX swap auction garners 2.5 times subscription
The central bank accepted 118 bids at the FX swap auction with the premium cut-off set at 7.48 rupees. A total of 317 bids worth $25.03 billion were received
 "RBI's $10 billion FX swap auction garners 2.5 times subscription")
Lenders ask RBI to relax liquidity rules amid growing loan demand
Lenders are seeking permission to free up some of the cash they have to park with the Reserve Bank of India for short-term financial stress requirements
RBI MPC meet begins: Will RBI keep rates unchanged after US trade deal?
The RBI's Monetary Policy Committee has started its three-day meeting today; the central bank will announce its policy decision, including on interest rates, on February 6
BofA expects rupee to strengthen by March end after India-US trade deal
The foreign lender had earlier forecast the currency at 90.50-91.00 levels
 "BofA expects rupee to strengthen by March end after India-US trade deal")
RBI likely to keep policy rates unchanged as trade deal reduces urgency
The Reserve Bank of India (RBI) has already cut rates by 125 basis points since last February, bringing the policy repo rate down to 5.25 per cent
 "RBI likely to keep policy rates unchanged as trade deal reduces urgency")
Rupee posts highest single-day gain in 7 years; up 1.38% to settle at 90.27
Rupee posts its biggest single-day gain in seven years as US tariff cut to 18 per cent boosts sentiment and triggers unwinding of speculative short positions
 "Rupee posts highest single-day gain in 7 years; up 1.38% to settle at 90.27")
RBI asks banks to stay open on March 31 to close FY26 govt accounts
RBI says banks handling government receipts and payments will remain open on March 31, 2026, to ensure all transactions are accounted for in FY26
 "RBI asks banks to stay open on March 31 to close FY26 govt accounts")
Rupee jumps 119 paise to 90.30 after Trump reduces tariffs on India
At the interbank foreign exchange market, the rupee opened at 90.30 against the US dollar, registering a gain of 119 paise over its previous close of 91.49
 "Rupee jumps 119 paise to 90.30 after Trump reduces tariffs on India")
Income Tax dept aims to dispose of over 200,000 CIT(A) appeals in FY26
Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty
 "Income Tax dept aims to dispose of over 200,000 CIT(A) appeals in FY26")
RBI shores up rupee after Budget underwhelms bond, equity investors
The rupee appeared on course to open near its all-time low of 91.9875 per dollar, but the RBI's intervention helped shore it up to 91.60, a gain of 0.4 per cent from its closing level on Friday
Union Budget 2026-27: Credit rises amid improvement in asset quality
Rising credit-deposit ratios are straining bank liquidity even as RBI data shows NPAs falling largely due to write-offs, not recoveries
 "Union Budget 2026-27: Credit rises amid improvement in asset quality")
India expects record ₹3.16 trn dividend from RBI, state-run firms in FY27
The funds would be crucial for the government to meet its spending needs while keeping the fiscal deficit within 4.3 per cent of gross domestic product
UPI transactions hit record high of ₹28.33 trillion in January: NPCI
The average daily transaction in January was 700 million with an average value of ₹91,4033 crore
 "UPI transactions hit record high of ₹28.33 trillion in January: NPCI")
FinMin asks Nabard to study impact of RRB amalgamation during FY28
Finance Ministry asks NABARD to study RRB mergers' impact as viability reforms, IPO plans and tech integration aim to boost sustainability, inclusion and rural credit growth
 "FinMin asks Nabard to study impact of RRB amalgamation during FY28")
RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low
RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength
India's foreign exchange reserves hit record high of $709 billion
Reserves rise to a fresh peak after 17 months, aided by higher gold prices and revaluation gains, even as the rupee remains under pressure amid FPI outflows
 "India's foreign exchange reserves hit record high of $709 billion")
Supreme Court to examine tax treatment of delayed PF, ESI deposits
Top court agrees to hear plea on whether employees' PF and ESI contributions deposited late can still qualify for tax deduction if paid before I-T return filing
 "Supreme Court to examine tax treatment of delayed PF, ESI deposits")
Fintech's long march from disruption to discipline in its next chapter
A decade of rapid growth gives way to partnerships, governance, and the contours of Fintech 2.0. Raghu Mohan weighs in
 "Fintech's long march from disruption to discipline in its next chapter")
Eco Survey calls to link microfinance investor exits to social metrics
Economic Survey 2025-26 urges linking microfinance investor exits to social impact metrics, warning that return-driven growth risks over-lending, borrower stress, and financial instability
 "Eco Survey calls to link microfinance investor exits to social metrics")