BFSI news wrap: Rupee’s strength in REER, RBI’s forex market activity, and SC on credit card rates

The rupee’s Real Effective Exchange Rate rose to 108.14 in November, up from 107.20 in October, marking a 0.9% increase. The Supreme Court overturned a 16-year-old ruling that capped credit card late payment interest at 30% annually, providing relief to banks.