Page 4 - Finance News

CCIL revamps trade reporting system to boost offshore rupee transparency

The overhaul started earlier this year and comes as regulators have stepped up monitoring of the currency and asked lenders to report their offshore rupee transactions

Rupee falls 11 paise to 94.27 against US dollar on safe haven demand

Investors are becoming cautious again, with foreign institutions pulling money out of the market after a brief period of buying amid rising geopolitical uncertainty

Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data

FY26 card spends up 12% to ₹23.62 trillion

RBI cancels Paytm Payments Bank licence; cites governance lapses

Regulator cites governance concerns; says bank has sufficient liquidity to repay all deposits upon winding up and will approach High Court

Gap between ATM withdrawals and cash in circulation widens, says SBI

Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record highs

IDBI Bank disinvestment process to continue: FM Nirmala Sitharaman

Sitharaman says IBA committee will look into issues of distribution tieups of banks for third-party products

RBI cancels licence of Paytm Payments Bank, cites compliance issues

In January 2024, the RBI directed the bank to stop accepting new deposits, citing non-compliance with rules related to customer due diligence, use of funds and technology systems

Rupee declines 24 paise to 94.25 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 94.25 and stayed at the same level in early deals, registering a loss of 24 paise from the previous closing level

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

Net FDI turns positive in Feb after six consecutive months of decline

Net FDI stood at $4.6 billion in February, compared with a negative $703 million in February 2025. In January 2026, net FDI was negative $1.4 billion

Flow in NRI deposits drops 24% to $11.04 bn in Apr-Feb 2026: RBI data

The total outstanding NRI deposits stood at $167.58 billion as of the end of February 2026

BII launches £1.1 bn British Climate Partners for Asia energy transition

British International Investment's £1.1bn initiative aims to mobilise private capital for climate projects across India and South-East Asia, targeting emission reduction and energy transition

Rupee slides 34 paise to 94.12 against US dollar during early trade

The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency

Govt's digital currency push targets inefficiencies in welfare system

Indian authorities are working to establish use cases in the farm and subsidised food distribution sectors, where welfare often struggles to make it to the right recipients.

Financial literacy gap flips script: Rajasthan edges ahead of Gujarat

A study by IIM Udaipur finds households in Gujarat and Rajasthan save regularly but lag in investing and retirement planning, highlighting gaps in financial capability

Short-term fluctuations, including FDI outflows closely monitored: RBI Guv

He was speaking at a round-table hosted by Consulate General of India in New York on Monday

RBI draft norms recast PPI rules, tighten limits and interoperability

RBI proposes new PPI norms to tighten risk controls, enable interoperability with UPI and cards, and streamline wallet classification

Committed to a single global dollar-rupee market: RBI dy guv Sankar

RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation

India likely to breach budgeted fiscal deficit target for FY27: BMI

The government in 2026-27 Budget had projected a 4.3 per cent fiscal deficit, a tad lower than 4.4 per cent as per revised estimates for 2025-26

Rupee falls after RBI partially rolls back forex curbs on derivatives

Currency weakens to 93.50 against dollar as RBI eases curbs on derivative trades, while oil prices and global factors continue to weigh on sentiment