Page 23 - Finance News

RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures

By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee

Rupee to rise from record lows, US trade deal key for recovery: Poll

US President Donald Trump's punitive 50 per cent tariff on Indian goods has soured sentiment among foreign investors, who have sold around $17 billion of Indian equities so far this year

Foreign banks chase India's rupee bond market amid weak offshore demand

To compete, lenders including Standard Chartered Plc and Barclays Plc, are looking to widen their onshore offerings to appeal to Indian corporates shifting their borrowing to rupees

Rupee breaches 90/$, down 5% this year; may continue downward 'crawl'

Uncertainty over US trade deal, FPI outflows, limited RBI intervention pushes rupee drop 5% vs $ in 2025

Rupee weakness clouds outlook for FPI flows; earnings revival key

Corporate earnings growth is estimated to be in high single digits for this fiscal and in mid-teens for the next two financial years

Bank of Maharashtra OFS oversubscribed, govt mops up ₹2,492 crore

Offer oversubscribed 1.72 times; stake dilution to 73.6% helps meet Sebi's 25% public holding norm ahead of 2026 deadline

Decision to write down AT1 bonds legally valid, Yes Bank admin tells SC

Administrator argues 2020 write-off was valid under Basel III; court's ruling could force ₹8,400 crore repayment to bondholders

Yields on outstanding loans fall 4 bps in Oct; fresh loan yields up 14 bps

In the last three months, the WALR on fresh loans declined by 17 bps for the banking sector

Not losing sleep over it: CEA Nageswaran on rupee hitting record low

Chief Economic Advisor V Anantha Nageswaran expressed hope that the currency will recover next year

S&P upgrades rating for India's insolvency regime as IBC lifts recoveries

System has strengthened credit discipline and tilted resolution process in favor of creditors, says agency

RBI December MPC meet begins: Repo rate, growth outlook, and more

After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent since August

Rupee crosses 90-mark against USD in historic low amid trade deal impasse

On Tuesday, the rupee had already touched 89.9475 before ending the day at 89.87 - a decline of nearly 0.4 per cent

FM flags global tax risks from digitisation, new financial products

At Global Forum, India urges stronger transparency, confidentiality systems to tackle evolving financial structures

NSFI 2025-30: Strengthening last-mile access, improving financial services

RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit

PFRDA plans to create NPS fund-of-funds to channelise money to select AIFs

PFRDA has classified all alternate investment instruments into equity and debt after Sebi categorised Real Estate Investment Trusts (REITs) as equity

Stronger data safeguards, effective use of shared info: Revenue secy

Shrivastava said over the years, the Global Forum has enabled a transformation in the global tax landscape from banking secrecy and limited cooperation to transparency and information exchange

Digitalisation, financial products call for global tax info exchange: FM

Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes

Rupee falls 32 paise to all-time low of 89.85 against dollar in early trade

At the interbank foreign exchange, the rupee opened at 89.70 against the US dollar before dropping to record low level of 89.85 , down 32 paise from its previous close

EPFO disposes 99% of higher-pension cases under EPS after SC ruling

As per her reply, a total of 4,27,308 demand letters have been issued, out of which 34,060 cases have been found ineligible later on mainly due to non-remittance of demand amount

Listed MFIs slash Q2 losses to ₹61.8 crore amid sharp drop in provisions

While Provisions bill dips; income flows stay subdued