We expect rupee to trade in 79.25-79.75 per dollar range: BoB report The Indian rupee is expected to trade in the 79.25-79.75 per US dollar range in the coming days due to easing crude oil prices and continued inflows by foreign investors, the Bank of Baroda said in a research report. “The global oil price has come down ...

UPI charges may partially offset loss on credit card MDR: RBI paper There is a possibility that fees levied on credit card transactions may eventually come down, either through central bank intervention or otherwise. And the reintroduction of charges on Unified Payments Interface (UPI) may, perhaps, offset the impact of fee reduction in cards for banks, industry participants said. ...

rbi: RBI invites inputs for cap on credit card fees [ad_1] (This story originally appeared in on Aug 18, 2022) MUMBAI: The Reserve Bank of India (RBI), in a discussion paper on charges in the payments system, has flagged capping credit card fees as one of the issues to be considered. According to the report, the same limit the RBI ...

Inflation still elevated, may warrant policy response: RBI article The fall in consumer price index-based inflation in July to 6.7% in July from 7% in June was a heartening development and the trajectory is projected to hit 5% by the first quarter of the next financial year before hitting the target of 4%, the Reserve Bank of India’s ...

Tax department seeks to make faceless assessment smoother [ad_1] (This story originally appeared in on Aug 17, 2022) NEW DELHI: From setting up review panels to giving assesses time to respond to show cause notices and establishing a parallel verification system, the income tax department has worked out fresh checks and balances in its faceless assessment scheme to make it ...

UPI expands; Indian flyers to UK to enjoy hassle-free digital transactions Expanding further outside India, the indigenously developed real-time payments solution UPI will foray into the UK market starting with QR code-based transactions. The NPCI International Payments Ltd (NIPL) has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in ...

Bank FD Rates: These banks have hiked FD interest rates: Which bank now offers highest rate [ad_1] SBI The State Bank of India (SBI) increased the interest rates on select fixed deposit (FD) tenures by up to 15 bps. According to the bank’s website, the increased rates are effective from August 13, 2022, and are applicable for FDs worth less ...

Rupee falls 19 paise to close at 79.64 as Fed minutes prop dollar The rupee depreciated 19 paise to close at 79.64 (provisional) against the US dollar on Thursday, following the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local currency opened at 79.60 and moved in a range ...

5 Art NFTs minting in September 2022 for bear market gains [ad_1] The 2022 bear market has both prices and optimism plummeting to record lows from all-time high prices. As the market continues to drop, fewer opportunities appear for profit-making potential. However, regardless of the overall market conditions, pockets within the industry always see growth – if you know where ...

PNB KYC Update: These PNB customers should update KYC details by August 31; How to check if KYC is pending [ad_1] (PNB), via its Twitter account, is reminding customers to update their Know Your Customer (KYC) information by August 31, 2022. Customers are warned that failure to update their KYC details may result in restrictions on operations in your account. ...