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RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr

Additionally, the central bank also purchased ₹40,000 crore worth of government securities via the Open Market Operations (OMO) auction

RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr
Updated On : 17 Apr 2025 | 11:40 PM IST
Updated On : 17 Apr 2025 | 11:32 PM IST

Borrowers may gain from lower rates under RBI draft co-lending norms: ICRA

RBI has proposed that the blended rate of interest is to be calculated as an average rate of interest derived from the interest rates charged by respective funding regulated entities

Borrowers may gain from lower rates under RBI draft co-lending norms: ICRA
Updated On : 17 Apr 2025 | 6:02 PM IST

Indian Rupee gains 30 paise; Ends at 85.38/$ on FII inflows, weak dollar

The domestic currency ended 30 paise stronger at 85.38 against the greenback, after closing at 85.68 on Wednesday

Indian Rupee gains 30 paise; Ends at 85.38/$ on FII inflows, weak dollar
Updated On : 17 Apr 2025 | 4:13 PM IST

Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows

The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday

Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows
Updated On : 17 Apr 2025 | 9:38 AM IST

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

UPI outages: NPCI, banks working on durable solution to plug gaps
Updated On : 16 Apr 2025 | 11:52 PM IST

Rupee gains for third consecutive session as dollar continues to weaken

The Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar buys, which capped the rupee's gain against the greenback, said dealers

Rupee gains for third consecutive session as dollar continues to weaken
Updated On : 16 Apr 2025 | 7:51 PM IST

DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid

The body represents 120 members in regulated and unregulated firms engaged in digital financial services

DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid
Updated On : 16 Apr 2025 | 7:17 PM IST

Indian Rupee gains for third straight day; Ends 9 paise higher at 85.68/$

The domestic currency strengthened 9 paise to end at 85.68 against the greenback after closing at 85.77 on Tuesday

Indian Rupee gains for third straight day; Ends 9 paise higher at 85.68/$
Updated On : 16 Apr 2025 | 4:07 PM IST

Indian Rupee gains for third session; Opens 16 paise stronger at 85.61/$

The domestic currency strengthened 16 paise to end at 85.61 against the greenback after closing at 85.77 on Tuesday

Indian Rupee gains for third session; Opens 16 paise stronger at 85.61/$
Updated On : 16 Apr 2025 | 3:37 PM IST

ICICI Bank slashes savings account deposit interest rate by 0.25%

The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings

ICICI Bank slashes savings account deposit interest rate by 0.25%
Updated On : 16 Apr 2025 | 10:09 AM IST

Ajay Narayan Jha steps down from Finance Commission with 6 months to go

The former finance secretary was appointed secretary, expenditure, in the Ministry of Finance in October 2017 and remained in office until February 2019

Ajay Narayan Jha steps down from Finance Commission with 6 months to go
Updated On : 15 Apr 2025 | 11:59 PM IST

Rupee breaches 86 per dollar level on US President Trump's tariff relief

The dollar index was trading a tad lower at 99.70, against the previous close of 99.75

Rupee breaches 86 per dollar level on US President Trump's tariff relief
Updated On : 15 Apr 2025 | 11:52 PM IST

Festive lending slowed in Q3 amid strict norms, tight liquidity: Report

Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24

Festive lending slowed in Q3 amid strict norms, tight liquidity: Report
Updated On : 15 Apr 2025 | 11:12 PM IST

ED leads finance ministry pack, but conviction rates offer cold comfort

The finance ministry houses a dozen or so investigative agencies but the large pendency of cases in various courts and tribunals raises questions about where their efforts are headed

ED leads finance ministry pack, but conviction rates offer cold comfort
Updated On : 15 Apr 2025 | 6:37 PM IST

Indian Rupee extend gains to close at 85.77/$; Ends 28 paise higher

The domestic currency strengthened 28 paise to end at 85.77 against the greenback after closing at 86.05 on Tuesday

Indian Rupee extend gains to close at 85.77/$; Ends 28 paise higher
Updated On : 15 Apr 2025 | 4:05 PM IST

RBI's liquidity infusion plan pushes govt bonds to over 3-year highs

Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday

RBI's liquidity infusion plan pushes govt bonds to over 3-year highs
Updated On : 15 Apr 2025 | 12:44 PM IST

India moves to deepen junk debt market by allowing bad loan securitisation

Reserve Bank of India (RBI) said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track

India moves to deepen junk debt market by allowing bad loan securitisation
Updated On : 15 Apr 2025 | 12:29 PM IST

Indian Rupee opens at 85.87/$; Gains 17 paise on hopes of tariff relief

The domestic currency strengthened 17 paise to open at 85.87 against the greenback after closing at 86.05 on Friday

Indian Rupee opens at 85.87/$; Gains 17 paise on hopes of tariff relief
Updated On : 15 Apr 2025 | 9:28 AM IST

India planning to bring 300 million new users onto UPI payments platform

The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones

India planning to bring 300 million new users onto UPI payments platform
Updated On : 15 Apr 2025 | 7:34 AM IST