Page 98 - Finance News
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
 "Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$")
Rupee's REER eases to 101.49 in March, says RBI's monthly bulletin
Outstanding forward market short position climbs to $88.7 billion
 "Rupee's REER eases to 101.49 in March, says RBI's monthly bulletin")
High SDF balances signal asymmetric liquidity conditions: RBI Bulletin
RBI report highlights precautionary cash hoarding and uneven fund distribution in banking system
 "High SDF balances signal asymmetric liquidity conditions: RBI Bulletin")
RBI asks banks to complete migration to bank.in domain by October 31, 2025
The actual registration process was expected to commence from April, with detailed guidelines to be issued later
 "RBI asks banks to complete migration to bank.in domain by October 31, 2025")
NRI deposit inflows jump 23% till February: RBI's monthly bulletin
NRIs inflows in deposits grew by $14.55 billion between April 2024 and February 2025, against $11.8 billion during the same period a year ago, according to the Reserve Bank of India (RBI)
 "NRI deposit inflows jump 23% till February: RBI's monthly bulletin")
Repatriation drags down net FDI to $1.5 billion in Apr-Feb: RBI bulletin
The State of the Economy report in the April 2025 bulletin noted that Singapore was the largest source of equity inflows with a share of 29.8 per cent, followed by Mauritius and the US
 "Repatriation drags down net FDI to $1.5 billion in Apr-Feb: RBI bulletin")
Trade war's hit on Indian economy likely to be limited, says RBI bulletin
The report also stated that the liquidity measures undertaken by the central bank since mid-January have helped to maintain orderly conditions in the money market
 "Trade war's hit on Indian economy likely to be limited, says RBI bulletin")
EY not involved in forensic audit of MFI business, says IndusInd Bank
As of the December quarter (Q3FY25), the bank's MFI portfolio stood at ₹32,564 crore, accounting for 9 per cent of its total loan book
 "EY not involved in forensic audit of MFI business, says IndusInd Bank")
Govt bond yields inch up following RBI's revised liquidity norms
The RBI has mandated a 2.5 per cent additional run-off factor for retail deposits linked to internet and mobile banking (IMB) facilities for commercial banks
PSU banks lead incremental credit while share of private banks falls
Although non-food credit increased at a decelerating pace of 12 per cent year-on-year (Y-o-Y), compared to 16.3 per cent a year ago, according to the bulletin
 "PSU banks lead incremental credit while share of private banks falls")
Net $1.6 billion sold in spot FX market in February: RBI bulletin
The RBI said it purchased $45.03 billion and sold $46.6 billion. In January, the central bank had sold a net of $11.1 billion in the spot market
Indian Rupee snaps five-day winning streak; Ends 7 paise weaker at 85.20/$
The domestic currency ended 7 paise weaker at 85.20 after closing at 85.13 against the greenback on Monday
 "Indian Rupee snaps five-day winning streak; Ends 7 paise weaker at 85.20/$")