Page 85 - Finance News
Rupee trades slightly higher amid weak oil prices; opens at 85.87/$
Indian Rupee today: The domestic currency appreciated 3 paise at open to 85.87 against the greenback, after closing at 85.90 on Wednesday
 "Rupee trades slightly higher amid weak oil prices; opens at 85.87/$")
Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger
Supreme Court (SC) had dismissed petitions by telecom companies Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues
 "Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger")
Rupee weakens past 86 per dollar on FPI outflows, import demand
The rupee fell past the 86 mark on dollar demand from importers and FPIs, before recovering slightly on suspected RBI intervention in currency markets
 "Rupee weakens past 86 per dollar on FPI outflows, import demand")
Shortage of ₹100, ₹200 notes may delay RBI's ATM target, say banks
Cash logistics firms and banks cite note supply and operational costs as key concerns in meeting RBI's target for ATMs dispensing ₹100 or ₹200 notes by September 2025
 "Shortage of ₹100, ₹200 notes may delay RBI's ATM target, say banks")
Rupee slump deepens; ends 31 paise lower after breaching 86/$ intraday
Indian Rupee today: The domestic currency closed 31 paise lower at 85.90 against the greenback, after closing at 85.59 on Tuesday
 "Rupee slump deepens; ends 31 paise lower after breaching 86/$ intraday")
Finance ministry may seek lower energy rates for green steel incentives
India, the world's biggest steel producer after China and a key green house gas emitter, has been working on a green steel policy to decarbonise production of the alloy
 "Finance ministry may seek lower energy rates for green steel incentives")
RBI likely to cut rates for third time as inflation stays below forecast
A strong majority of economists, 53 of 61, in a Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to cut the repo rate to 5.75 per cent
 "RBI likely to cut rates for third time as inflation stays below forecast")
Rupee falls for second straight day amid likely outflows; opens at 85.75/$
Indian Rupee today: The domestic currency opened 16 paise lower at 85.75 against the greenback, after closing at 85.59 on Tuesday
 "Rupee falls for second straight day amid likely outflows; opens at 85.75/$")
Rupee ends lower at 85.59/$ as firm crude oil prices weigh
Indian Rupee today: The domestic currency ended 7 paise lower at 85.59 against the greenback, after closing at 85.52 on Monday
 "Rupee ends lower at 85.59/$ as firm crude oil prices weigh")
India may ease bank ownership rules as foreign interest, capital needs grow
Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements
 "India may ease bank ownership rules as foreign interest, capital needs grow")
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
 "Rupee opens lower at 85.39/$ as high crude prices offset weak dollar")
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
 "Spandana Sphoorty plans to scale back operations in Kerala and Gujarat")
New DLG provisioning norms: Fintech bodies hope for relief from RBI
Collecting data from fintechs to substantiate likely impact of double-provisioning
 "New DLG provisioning norms: Fintech bodies hope for relief from RBI")
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
 "Over 63,000 digital payment frauds reported in last decade: Govt")
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 strengthens on the back of foreign inflows and US dollar slips")
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
 "Rupee rises after 4-day drop; capped at 85.39/$ on strong oil prices")
₹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
 "₹2,000 notes worth ₹6,181 crore still in circulation; 98.26% returned: RBI")
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
 "$84 bn short book putting pressure on rupee, Asia's worst performer")
RBI monetary policy: 25-bp repo rate cut on the cards, shows BS poll
RBI expected to lower inflation projection for FY26
 "RBI monetary policy: 25-bp repo rate cut on the cards, shows BS poll")