Finance News

India wants to push rupee trade to help forex-starved nations: Sitharaman

Finance Minister Nirmala Sitharaman said rupee and local currency settlements could help countries struggling to access hard currencies continue importing essential goods from India

Rupee rises 20 paise to 94.79 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.75, then touched 94.79, registering a gain of 20 paise over its previous close

RBI's rupee defence comes at a cost as liquidity dries up, yields rise

The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee

RBI has spent half of $140 bn FX capital to defend rupee, bankers estimate

RBI has deployed an estimated $75 bn-$80 bn through spot dollar sales and currency swaps since June, as high oil prices, rising US Treasury yields and foreign equity outflows weigh on the rupee

India may need rate hikes, tax relief to ease pressure on rupee: Analysts

The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure

Rupee rises 31 paise to 94.86 against US dollar during early trade

RBI's forex interventions and the unwinding of long dollar positions supported the rupee, while analysts flagged external pressures and identified 94.80 as a key level to watch

IDBI Bank deal to bolster Fairfax's India financial services play further

Separately, Fairfax, through FAL Corporation, held a 65 per cent stake in Valueattics Re, India's first privately owned domestic reinsurer, as of March 2026

Rupee gains for third straight session, closes at 95.16 on RBI support

The rupee closed at 95.16 per dollar, up 0.13 per cent, as RBI forex measures and Governor Sanjay Malhotra's comments lent support, while importer demand capped its gains

India tightens Mauritius tax treaty, adds test to deny tax-driven benefits

The amended India-Mauritius tax treaty introduces a principal purpose test, allowing authorities to deny benefits where securing a tax advantage is a main purpose of a transaction

Explained: What is Account Aggregator framework, and how does it work?

From November 1, financial institutions will pay a standard fee to access customer data through the Account Aggregator network. Here's how the framework works and what the new pricing means for users

Rupee rises 44 paise to 94.92 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 95.05, then gained ground to touch 94.92, registering a gain of 44 paise over its previous close

UPI MDR deferred until after Diwali, new date to be notified: NPCI

NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, while leaving the proposed fee structure unchanged

Average car loan size jumps 49% in 7 years as buyers shift to SUVs

TransUnion CIBIL data shows average passenger-vehicle loan sizes rose 49 per cent between H1 2019 and H1 2026, while repayment tenures increased by five months to 62 months

RBI to continue efforts to contain rupee volatility: FM Nirmala Sitharaman

Open to views on long-term capital gains tax and securities transaction tax, says FM Nirmala Sitharaman

Rupee rallies to 1-month high on RBI curbs, but banks remain uneasy

The rupee gained 0.6% in October, mainly due to a series of steps by the RBI in the last few days to curb speculative bets

Former DFS Secretary Nagaraju Maddirala named IL&FS CMD for two years

Nagaraju Maddirala succeeds Nand Kishore as IL&FS chairman and managing director for two years; the group has discharged Rs 50,387 crore of debt as of June 30, 2026

Tier-2 cities lead digital credit adoption, outpace metros: Report

While 88% of urban consumers are aware of digital credit, only 31% use it. Tier-2 cities lead in buy now, pay later usage at 60 per cent and credit applications at 41 per cent, as per report

Govt open to debate on LTCG tax, STT ahead of Budget: FM Sitharaman

Finance Minister Nirmala Sitharaman said investors in India and abroad have raised questions about capital gains taxation, STT and whether different asset classes should be taxed on similar lines

Rupee hits one-month high as RBI measures, intervention boost currency

The rupee rose to 95.0725 in early trading, the highest since early September, before paring gains to trade higher by 0.5% at 95.25 per dollar

Fintech funding up 14% to $2.2 bn in Jan-Sep, deal count falls 41%: Tracxn

This year's funding is still only about 40 per cent of the peak of $5.5 billion recorded in the first nine months of 2021