Rupee ends higher on dollar inflows, likely RBI intervention caps rise “The rupee has broken a key support level of 82.80 given robust inflows, solid fundamentals and a weakening dollar,” said Amit Pabari, managing director at forex advisory firm CR Forex

Rupee climbs over six-month high on inflows, stronger Asian peers The rupee was also helped by strength in its Asian peers amid a drop in US Treasury yields. The Korean won climbed 0.8 per cent and the Indonesian rupiah advanced 0.4 per cent

Banks' lending rate hit 46-month high in Jan; for fresh deposits in Aug The weighted average lending rate by scheduled commercial banks on fresh loans increased to 9.45 per cent in January 2024 compared to 9.32 per cent in December 2023

UPI can now be used to make payments to Nepalese merchants, says NPCI The NPCI on Friday announced that Unified Payment Interface (UPI) is now live in neighbouring Nepal. UPI users can scan QR codes to make payments to Nepalese merchants, an official statement said. This follows a tie-up between the National Payments Corporation of India International Payments (NIPL) and ...

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RBI tightens norms for credit, debit cards used with business accounts Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary

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Cabinet okays DA hike by 4 percentage points for central govt employees ‘This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission,’ the government said in a statement

Macrotech Developers raises Rs 3,300 crore capital through QIP route Realty firm Macrotech Developers Ltd on Thursday said it has raised Rs 3,300 crore by selling shares to institutional investors. In a statement, the company said it has successfully closed the Qualified Institutional Placement (QIP). The QIP was oversubscribed nearly 3 times within 5 hours of issue opening and witnessed ...

Operating environment for Indian banks to improve in 2024: Moody's Banks will maintain sufficient levels of loan-loss reserves. However, impairments of unsecured retail loans could increase as they have grown rapidly in the past 2 yrs while interest rates have risen