Page 17 - Finance News

Rupee falls 25 paise to 95.33 against US dollar as oil prices top $100

The rupee weakened past the 95-per-dollar mark amid higher crude prices and persistent dollar demand, while RBI intervention helped contain further losses

FCNR(B) inflows could lead to 'abnormal lending': Axis Bank MD & CEO

Axis Bank MD & CEO Amitabh Chaudhry cautioned banks over deploying excess liquidity, while flagging the possibility of an interest rate hike in the near future

Oil tops $100, rupee breaches 95/$ as stocks reel on US-Iran tensions

The rupee touched a low of 95.23 against the dollar before settling at 95.11 as Brent crude topped $100 a barrel; dealers cited RBI intervention in spot and swap markets

Many fintechs can emerge from India to serve global markets: Razorpay CEO

Razorpay CEO Harshil Mathur said India's leadership in real-time payments could help create several billion-dollar fintech companies by taking UPI-led innovations to global markets

Rupee's RBI-backed rally fades, slips past 95 on oil, slowing intervention

The rupee opened ​weaker and remained under pressure through the morning session, breaching the ‌95-per-dollar level with little resistance to drop to a low of 95.2250

Reform express to move at an even faster pace, says PM Narendra Modi

India growing at 7.8% gives the world a new sense of confidence, he said

Rupee sees worst day in eight weeks as elevated crude renews pressure

Rupee settles at 94.83 per dollar against 94.49 previously as rising crude oil prices, importer hedging and persistent risk-off sentiment boost dollar demand

Fintech a valuable partner in building for future: RBI Governor Malhotra

Governor Sanjay Malhotra says fintech has expanded financial inclusion, improved customer experience and enabled faster, more efficient credit delivery across India

PM Modi urges fintech sector to expand UPI globally, cut remittance costs

Prime Minister Narendra Modi urged the fintech ecosystem to expand the global reach of the UPI, connect it with local systems in other countries, and help the diaspora save on remittance costs

India eyes AI for next finance leap after digital payments revolution

AI could take India's financial system beyond simply processing transactions, helping assess borrowers, detect fraud, tailor financial products and eventually make payments on behalf of consumers

Indian banks leave FX risk open on overseas deposits, weighing on rupee

While the Reserve Bank of India's special swap facility shields banks from FX risk on the deposits' principal amounts, interest payments need to be managed by lenders independently

Rupee falls 10 paise to 94.66 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.49 against the US dollar, then touched 94.66, registering a fall of 10 paise from its previous close

Universal pension scheme: Labour ministry eyes flexible payouts

EPFO's proposed universal pension plan may allow flexible payouts after retirement

Banks show little appetite for Reserve Bank of India's 30-day VRRR bid

Bids worth ₹2.59 trn received against ₹7 trn notified

VWAP settlements, tighter bands among Sebi's CAS fixes: HDFC Securities

HDFC Securities maintained its 'Add' rating on BSE, saying the regulatory impact from the new closing auction session is behind the exchange and recovery has begun

RBI withdraws over ₹6 trillion of bank liquidity after record spike

The Reserve Bank ​of India received offers worth ₹3.53 trillion at an overnight auction, right ‌after banks parked ₹2.59 trillion through a 30-day auction

Rupee rises 4 paise to 94.39 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 94.40 against the US dollar, then touched 94.39, registering a gain of 4 paise from its previous close

GST Council meeting postponed, likely to be held in Delhi on October 7

GST Council meeting postponed, likely to be held in Delhi on October 7

PFRDA moots guaranteed pension plans, in talks with finance ministry

In talks with finance ministry; access to derivatives is key

RBI's 30-day VRRR auction raises odds of rate hike in October policy

Fx reserves swell to nearly $741 bn, driven by rush of swap dollars