Paytm stock witnessed its biggest intra-day fall in 16 months, as the stock tanked 10 per cent following reports of government rebuttal on talks of UPI charges.
The Finance Ministry on Wednesday in a social media post called reports on a likely fee on UPI transactions as "completely false, baseless, and misleading". "Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading," the ministry stated in a post on social media platform X. MDR stands for Merchant Discount Rates. Meanwhile, on the NSE the Paytm stock hit

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