Page 86 - Finance News
Credit card spends surged to 4-month high of Rs 2 trillion in March
Card addition slows in FY25 following higher risk weight norm
 "Credit card spends surged to 4-month high of Rs 2 trillion in March")
Pahalgam terror attack: Rupee, bond weaken on rising India-Pak tension
The rupee settled at 85.45 per dollar on Friday, against the previous close of Rs 85.27 per dollar. It depreciated up to 85.67 against the dollar during the day
 "Pahalgam terror attack: Rupee, bond weaken on rising India-Pak tension")
Indian Rupee falls 18 paise to 85.45/$ as tensions escalate with Pakistan
The domestic currency closed 18 paise weaker at 85.45 after ending at 85.27 against the greenback on Thursday
 "Indian Rupee falls 18 paise to 85.45/$ as tensions escalate with Pakistan")
RBI's cash infusion to aid more rally in short bonds, says Nomura
The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action
 "RBI's cash infusion to aid more rally in short bonds, says Nomura")
Indian Rupee opens stronger at 85.19/$ on FII inflows, US-China trade talks
The domestic currency opened 8 paise stronger at 85.19 after closing at 85.27 against the greenback on Thursday
 "Indian Rupee opens stronger at 85.19/$ on FII inflows, US-China trade talks")
Net ECB inflows more than double in Apr-Feb; highest in at least 5 years
Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data
 "Net ECB inflows more than double in Apr-Feb; highest in at least 5 years")
FPIs sell ₹10,234 cr in debt mkt in April as yield spread hits 20-year low
This was the highest monthly outflow since April 2024, when foreign investors had net sold ₹11,218 crore
 "FPIs sell ₹10,234 cr in debt mkt in April as yield spread hits 20-year low")
Rupee seen trading at 84 per US dollar by end of year, says Nomura
On Thursday, the rupee depreciated by 25 paisa in early trade but recovered all its losses by the end of the day on the back of technical resistance, to settle 15 paisa higher at 85.27 per dollar
 "Rupee seen trading at 84 per US dollar by end of year, says Nomura")
Nexus Select Trust to raise Rs 550 crore via non-convertible debentures
Of the total funds raised, the Reit aims to spend up to Rs 480 crore for the acquisition of any assets or investments, including but not limited to the acquisition in any special purpose vehicle (SPV)
 "Nexus Select Trust to raise Rs 550 crore via non-convertible debentures")
Companies can't claim tax deduction on regulatory settlements, says govt
The tax department clarified that any expenditure incurred to resolve proceedings under four specific laws will not be treated as a business expense
 "Companies can't claim tax deduction on regulatory settlements, says govt")
Indian Rupee reverses early losses to end 15 paise stronger at 85.27/$
The domestic currency ended 15 paise stronger at 85.27 after closing at 85.42 against the greenback on Wednesday
 "Indian Rupee reverses early losses to end 15 paise stronger at 85.27/$")
Indian Rupee extends slide to open at 85.59/$; FII inflows help cap decline
The domestic currency opened 17 paise weaker at 85.59 after closing at 85.42 against the greenback on Wednesday
 "Indian Rupee extends slide to open at 85.59/$; FII inflows help cap decline")
Finance ministry plans unified portal for govt-sponsored schemes
This is set to boost efficiency and reduce redundancy while providing greater convenience to bank functionaries implementing these schemes, said a senior government official
 "Finance ministry plans unified portal for govt-sponsored schemes")
BHIM app rolls out the UPI Circle feature with partial delegation
Transactions initiated by these secondary users will require explicit approval from the primary users via their UPI PIN on the application
 "BHIM app rolls out the UPI Circle feature with partial delegation")
Bond yields soften tracking US yields, profit booking caps gains
The yield on the 10-year Treasury declined on Wednesday after President Donald Trump reversed his comments about firing US Federal Reserve Chairman Jerome Powell
 "Bond yields soften tracking US yields, profit booking caps gains")
RBI provides export relaxations through warehouses in Bharat Mart in UAE
It also apply on remittances by the Indian exporter for initial as well as recurring expenses for setup and continuing business operations of its office
 "RBI provides export relaxations through warehouses in Bharat Mart in UAE")
Nabard buys 10% stake in 24x7 Moneyworks to boost rural credit digitisation
This marks Nabard's first-ever investment in a bootstrapped startup, reinforcing its commitment to digital transformation in rural India, the apex rural credit institution said in a statement
 "Nabard buys 10% stake in 24x7 Moneyworks to boost rural credit digitisation")
Rate cut will boost private consumption, investment, says RBI Guv Malhotra
Governor Malhotra-headed Monetary Policy Committee (MPC) had reduced the short-term lending rate by 25 basis points to 6 per cent on April 9. A similar reduction was done in February
 "Rate cut will boost private consumption, investment, says RBI Guv Malhotra")
Indian Rupee ends weaker at 85.42/$ as dollar index stages recovery
The domestic currency ended 23 paise weaker at 85.42 after closing at 85.19 against the greenback on Tuesday
 "Indian Rupee ends weaker at 85.42/$ as dollar index stages recovery")
Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$
The currency has appreciated by 0.22 per cent in April and is on track to log gains for the second straight month