Page 76 - Finance News

Rupee opens lower at 85.39/$ as high crude prices offset weak dollar

Indian Rupee today: The domestic currency opened 13 paise lower at 85.39 against the greenback, after closing at 85.52 on Monday

Spandana Sphoorty plans to scale back operations in Kerala and Gujarat

Stock down 4.4 per cent on BSE; eyes 20 per cent AUM growth in FY26

New DLG provisioning norms: Fintech bodies hope for relief from RBI

Collecting data from fintechs to substantiate likely impact of double-provisioning

Over 63,000 digital payment frauds reported in last decade: Govt

Government data show over 63,000 digital payment frauds worth Rs 733 crore in the past decade as Congress questions the Modi government's banking security record

Rupee strengthens on the back of foreign inflows and US dollar slips

The local currency settled at 85.38 per dollar, against the previous close of 85.58 per dollar. It has appreciated by 0.1 per cent against the dollar in the current financial year

Rupee rises after 4-day drop; capped at 85.39/$ on strong oil prices

Indian Rupee today: The domestic currency ended 19 paise higher at 85.39 against the greenback, after closing at 85.58 on Friday

₹2,000 notes worth ₹6,181 crore still in circulation; 98.26% returned: RBI

The high-denomination ₹2,000 note was introduced in November 2016 after the demonetisation of Rs 500 and Rs 1,000 notes

Rupee snaps 4-day losses; opens at 85.54/$ amid firm oil prices

Indian Rupee today: The domestic currency opened 4 paise higher at 85.54 against the greenback, after closing at 85.58 on Friday

$84 bn short book putting pressure on rupee, Asia's worst performer

The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position

RBI monetary policy: 25-bp repo rate cut on the cards, shows BS poll

RBI expected to lower inflation projection for FY26

UPI numbers hit all-time high in May, cross ₹25 trn for the first time

The previous record was in March 2025, when it clocked 18.3 billion in volume and ₹24.77 trillion in value

Allow gig workers the option to choose between EPF and NPS schemes

If millions of gig workers are forced into EPF without the option of NPS, complaints about the system's inefficiencies will intensify as its shortcomings inevitably emerge

Signs bright for MSME sector as lending and financial stability improve

Issues like corporate governance, expertise in international trade and digital transformation fester

UPI transactions rebound in May with 18.68 bn payments; 33% yearly surge

The rebound follows a dip in April, when UPI volumes declined from 18.3 billion in March. That slump was attributed to multiple service disruptions that affected payment flows

RBI imposed penalties on 353 banks, other regulated entities in FY25

The contraventions/non-compliance were related to cyber security framework in banks; exposure norms and IRAC norms

Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers

The ministry has suggested exempting gold loans below ₹2 lakh from RBI's proposed norms. This move may benefit 60-70% borrowers

Govt to buyback ₹25,000 crore in bonds via RBI auction on June 5

The government will repurchase select 2026 and 2027 securities via an RBI auction to reduce liabilities and improve the fiscal and debt profile

Bank credit growth slows to 6.7% in first half of April, shows RBI data

Bank credit growth slowed to 6.7% in April, with faster growth in metals and textiles but slower in infrastructure and agriculture. RBI data highlights changes in services and personal loans credit

RBI's LRS review to align with wider economic, geopolitical conditions

The central bank is reassessing annual limits, permitted uses, currency options and compliance alignment in its Liberalised Remittance Scheme amid evolving economic realities

Banks' gold loan growth more than doubles in April on price surge

Gold loan growth rises 119.6% YoY to Rs 2.23 trillion in April 2025; RBI data shows slowdown in retail and NBFC credit growth despite robust rise in gold-backed lending