Page 128 - Finance News

Rupee falls 2 paise to 86.55 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 86.50 and touched 86.45 against the greenback in initial deals

RBI rejigs deputy guv portfolios; Rajeshwar Rao takes monetary policy dept

The government has already started the process of finding a successor for Patra

Impact of Trump's presidency to be short-lived on Indian rupee: SBI

'Indian rupee, well-supported by the Reserve Bank of India (RBI) against extreme volatilities post-pandemic, is likely to recover beyond current challenges'

Rupee hits new low of 86.68 per dollar as oil importers boost demand

RBI's intervention policy unlikely to have changed

Fintechs capture 76% of personal loans as banks slowdown in H1 FY25

Banks experienced a 21 per cent drop in the volume of personal loans sanctioned, accompanied by a 30 per cent decline in loan value year-on-year, according to a new report

RBI Governor Malhotra shows willingness for a more flexible rupee

Malhotra showed keen interest in the RBI's currency intervention functions and expressed no opposition when his team explained the recent movements in the rupee and the need to allow it to depreciate

RBI likely to manage FX reserves judiciously amid global headwinds

The Reserve Bank of India will continue to intervene as and when necessary to smoothen volatility, but won't go against the tide and massively intervene to protect any levels

Centre to simplify decades-old income tax filing rules in upcoming Budget

The changes involve simplifying the language and rationalizing information by using formulas and tables, and won't include any adjustments to tax rates and policy, the people said

RBI likely sold dollars heavily before local spot market open, say traders

The rupee was last quoted at 86.5150 per US dollar as of 09:35 am IST, up nearly 0.1 per centon the day

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar

According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets

Growth in fintech personal loan value moderates in first 2 quarters of FY25

On a year-on-year (YoY) basis, fintech personal loan sanction values grew 10 per cent to Rs 24,847 crore in Q2FY25, compared to Rs 22,439 crore in Q2FY24

Is foreign exchange rate stability desirable? Not really, data shows

RBI showing greater tolerance for exchange rate under Governor Malhotra

E-commerce spend driving use of credit cards in non-metros, says Visa

Credit card transactions saw a substantial 175 per cent increase in Tier-III cities, compared to just a 27 per cent increase in Tier-I cities

Rupee logs steepest fall in two years, hits record low of 86.58/$

The rupee weakened to 86 per dollar from 85 in just 16 trading sessions. In contrast, its movement from 84 to 85 took 46 working days, while the shift from 83 to 84 happened in 478 days

REC raises Rs 2,297 cr via 10-year bonds, IRFC eyes Rs 3K cr on Wednesday

The issuance has a base size of Rs 500 crore with a green shoe option of Rs 2,500 crore

Net direct tax kitty swells 16% to Rs 16.9 trillion so far in FY25

As per the data by the Central Board of Direct Taxes (CBDT), mop-up from net non-corporate taxes, which include mainly personal income tax, stood at over Rs 8.74 trillion

RBI uses FX swaps to ease liquidity squeeze as rupee hits a new low

The rupee lost around 2.8 per cent against the dollar in 2024, making it one of the best-performing currencies in Asia as the greenback surged

India Inc's leverage to improve in FY26-27 despite high capex: Fitch

The downside risks could materialise if energy prices rise significantly, given ongoing geopolitical risks, cautioned the rating agency

Rupee down 27 paise at record low of 86.31 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 86.12 and fell to historic low level of 86.31 against the greenback in initial deals, registering a steep loss of 27 paise from previous close

Ahead of Feb policy, RBI guv Malhotra to meet bank chiefs on Thursday

The interaction is part of the pre-monetary policy consultations