Page 33 - Finance News

Rupee closes at new low of 95.09 vs US dollar amid crude price rise

The currency depreciated nearly 0.2 per cent on Monday to settle at new closing low of 95.09 against the US dollar

RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor

RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology

RBI cautions against unauthorised campaigns promising loan waivers

RBI warns borrowers against fraudulent loan waiver claims, urging them to approach authorised lenders directly and avoid misleading campaigns that may cause financial loss

Light-touch supervision may mask risks, warns RBI's Swaminathan J

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

Like-for-like GST growth slips to five-year low of 5.57% in FY26

GST collections growth slowed to a five-year low in FY26, with import revenues outpacing domestic demand, rising refunds, and uneven state performance signalling deeper structural shifts

Bolstering mechanism for timely dues can give MSMEs a leg up in tough times

RBI's proposed TReDS reforms aim to ease MSME onboarding, improve credit flow and reduce payment delays, strengthening working capital access in uncertain times

Latest RBI rules for shadow lenders may put Tata Sons IPO on radar

The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds

Rohit Jain appointed RBI Deputy Governor for 3 yrs, to succeed Rabi Sankar

Jain has, over a span of about three decades, served in supervisory, human resource management, banking, and other areas in the Reserve Bank

India can grow above 7.5% without stoking inflation: RBI Deputy Governor

Reserve Bank of India says India can sustain over 7.5% growth without inflation, backed by strong BoP fundamentals and effective policy transmission

Gross GST collection rises 8.7% to record high of ₹2.43 trillion in April

Gross revenues from domestic transactions were up 4.3 per cent to over ₹1.85 trillion, while GST mop-up from imports rose by a massive 25.8 per cent to ₹57,580 crore in April 2026

UPI transactions dip 1.7% by value in April after record March

UPI transactions dipped in April after March highs, but rising daily volumes signal steady growth in India's digital payments ecosystem

Govt to continue with budgeted capex due to global uncertainties: Official

Expenditure Secretary V Vualnam said the upcoming few months, the next quarter and the year ahead would be very difficult to envisage with lots of possible stress points

Why women entrepreneurs in India struggle to access complex business loans

More women entrepreneurs are getting loans, but limited access to larger business credit is restricting their growth, exposing deep structural gaps in India's MSME lending system

Record low rupee may end India's cheap-money era, force RBI policy shift

Rupee weakness amid global turmoil and capital outflows may limit RBI's policy stance, raising risks of rate hikes as inflation, currency pressure and external shocks reshape India's monetary outlook

FDI inflows set to top $90 billion in FY26, says DPIIT secretary

India's FDI inflows are set to cross $90 billion in FY26, driven by reforms, FTAs, and rising global investor confidence across key sectors

Cost of funds for NBFCs, HFCs may rise marginally over medium term: Ind-Ra

Ind-Ra said that despite recent policy rate cuts, borrowing costs are unlikely to soften meaningfully due to weak transmission, higher deposit competition

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

RBI exempts smaller NBFCs, creates structured exit route for first time

RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal

RBI intervention cushions rupee as oil strain brings record low into sight

The rupee declined ‌to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day