Finance News

Rupee likely to resume slide as foreign outflows keep pressure on currency

The median forecast of 37 strategists polled between November 2 ​and 4 was for the rupee, currently trading near 94.70 per dollar, to weaken to 96.00 by end-January ‌and 96.33 by end-April

RBI forms financial markets consultative panel headed by Dy Guv Rohit Jain

The committee will engage market participants on policy, liquidity, resilience, infrastructure and operational issues across money, government securities, forex and derivative markets

RBI crackdown on rupee bets drives India's dollar hedging to 8-month low

Buying of forward dollars, or commitments by companies to acquire the US currency at a later date, fell 35% in October from a record high the previous month to $49.5 billion

Rupee rises 14 paise to 94.61 against US dollar during early trade

In the interbank foreign exchange market, the rupee opened at 94.61 and went up to 94.50 before paring some gains to trade at 94.61 against the greenback, up 14 paise from its previous session

RBI to meet bank CEOs to review preparedness for ECL rollout: C S Setty

SBI estimates the impact of the transition, net of taxes, at Rs19,500 crore

Risk pricing, sound underwriting crucial to sustainable growth: RBI DG

RBI Deputy Governor Swaminathan J stressed sound underwriting, appropriate risk pricing, stable deposits and strong governance to ensure sustainable growth in banking

RBI eases reporting norms for small service exporters and importers

The RBI has simplified export declaration and import reporting requirements for small service transactions, with revised rules taking retrospective effect from October 1, 2026

Rupee rises 12 paise to 94.72 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.68 and strengthened to 94.60 before trading at 94.72 against the greenback, registering a gain of 12 paise from its previous close

EPFO launches WhatsApp services, automatic settlement of small accounts

The interactive services will make routine account-related information accessible via EPFO's verified WhatsApp service, reducing the need for physical visits to EPFO offices

Last-mile banking network is struggling amid rising costs, low commissions

NSFI 2025-2030 was categorical that a fair and reasonable remuneration structure for BC agents is a must to ensure quality and consistency in the delivery of financial services at the last mile

CII hails GST Council's decriminalisation move as landmark tax reform

Industry body says proposed removal of GST arrest powers, higher prosecution thresholds and stronger taxpayer safeguards mark a major shift towards trust-based governance

UPI average daily transaction value crosses ₹1 trillion in October

Festive spending pushed UPI transactions to 25.47 billion, worth ₹31.53 trillion, even as the proposed merchant discount rate remains in focus

FPIs pull out ₹34,843 cr from equities in Oct, turn net buyers last week

According to data from the Central Depository Services Ltd (CDSL), FPIs withdrew ₹35,861 crore in September. Before that, they had invested ₹20,200 crore in July and ₹29,631 crore in August

Govt extends customs duty exemption on cotton imports till December 31

The two-month extension aims to improve cotton availability, ease input costs for textile and apparel manufacturers, and provide relief to small and medium enterprises

Tata Sons debate: Listed middle layer NBFCs have higher advances as NPAs

However, bad assets in absolute amount are higher among listed upper layer NBFCs

GIFT City funds' tax-related hurdles being ironed out, say experts

Tax authorities address Section 80LA deduction disputes, but experts flag GST compliance costs and competitiveness concerns

Equity LTCG tax cut could boost foreign inflows, support rupee: Jefferies

Jefferies says an equity LTCG tax cut could improve FPI sentiment and support the rupee, but warns that the fiscal impact of lower tax collections may limit the scope for relief.

Reassessment invalid if income tax dept fails to issue mandatory notice: SC

The Supreme Court ruled that failure to issue a mandatory notice under Section 143(2) invalidates income tax reassessment proceedings, even if taxpayers participate in them

India Inc's ECB, FCCB fundraising proposals rise to $8.13 bn in August

Indian companies filed proposals to raise $8.13 billion through ECBs and FCCBs in August, up from $7.70 billion in July, with Flipkart, PFC and other major firms among applicants

Rupee hits 2-week low on 'sticky' dollar bids, modest intervention cushions

Dollar demand around the RBI's reference rate and likely overseas debt repayment outflows weighed on the rupee, while central bank intervention helped limit losses, traders said