Page 3 - Finance News

Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI MPC decision

At the interbank foreign exchange market, the rupee opened at 94.90, then touched 94.89, registering a gain of 39 paise from its previous close

RBI MPC August 2026 meeting: When and where to watch rate decision live

RBI MPC meet: At its June monetary policy review, the RBI kept the repo rate unchanged at 5.25 per cent

Sebi mulls depository receipts against REIT, publicly listed InvIT units

Depository Receipts are foreign currency-denominated instruments issued by a foreign depository in a permissible jurisdiction against securities deposited with a domestic custodian in India

Nabard withdraws ₹8,000 crore bond issue as investors seek higher yields

Market participants said demand was thin at the lower coupons that Nabard would have preferred, with barely ₹1,126.5 crore bid up to the 7.43 per cent mark

SC issues directions to tackle digital fraud, asks RBI to circulate SOP

The Registrars General of all high courts were directed to apprise courts about the grievance redressal and money restoration modules so that victims are made aware of the available remedies

Rupee rises 3 paise to 95.34 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 95.35, then touched 95.34, registering a gain of 3 paise from its previous close

RBI likely to keep rates unchanged as inflation risks stay in focus

The central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%

Payments Act amendment may be a precursor to MDR on UPI payments

Proposed amendment shifts the power to notify fee-protected payment modes to the Centre, a move industry sources see as an early step towards a possible UPI MDR

PhonePe Daily SIP base crosses 500,000; CAMS profit jumps 17.6% to ₹127 cr

PhonePe said 77% of Daily SIP users are from B30 cities, while CAMS reported record mutual fund AUM and double-digit growth in profit and revenue

ICICI Lombard invests up to 1.5% of premium in tech: MD&CEO Sanjeev Mantri

General insurer says it spends up to 1.5% of annual premium income on technology and AI, while launching 25 new products and digital solutions to mark its silver jubilee

RBI appoints Monisha Chakraborty as executive director from August 3

Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department

FCNR (B) deposits rose by $28 bn after RBI swap window: MoS Finance

Outstanding FCNR(B) deposits have risen to $60.55 billion from $32.56 billion since the RBI announced its concessional forex swap facility in early June

Disputed tax demand drops ₹16,690 cr after hike in tax appeal limits: Govt

The government in the Union Budget 2024-25 enhanced monetary limit for filing appeals related to direct taxes in the tax tribunal, high courts and the Supreme Court to ₹60 lakh, ₹2 crore, and ₹5 crore

RBI MPC meet begins amid expectations of status quo on interest rates

Most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth

Rupee climbs to nearly one-month high on oil slump, strong inflows

The currency ‌strengthened nearly 0.3% to 95.13 per dollar, its highest since July 8

RBI likely to keep rates unchanged in August as inflation risks persist

Economists said the central bank will remain in a "wait-and-watch" mode as it assesses the evolving inflation outlook

UPI clocks record monthly volume as July transactions rise 4.1% to 23.66 bn

Transaction volume rose 4.1 per cent from June and 22 per cent year-on-year as everyday digital payments and growing adoption beyond metropolitan markets supported growth

HDFC Bank raises 3-5 year FCNR(B) dollar deposit rate by 25 bps to 6.25%

The private sector lender raised its dollar deposit rate by 25 basis points as banks compete for non-resident funds before the RBI's concessional swap window closes

RBI's special forex swap window outpaces 2013 inflows in only weeks

FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation

Over 55 million income tax returns filed by Friday noon: I-T department

The department has been urging taxpayers, particularly those eligible to file simpler forms such as ITR-1 (Sahaj) and ITR-2, to complete the process early