Finance News

Bond yields drop, rupee logs biggest single-day gain since July 27 Government bonds and the rupee strengthened sharply on Tuesday as optimism over the prospect of Indian sovereign debt being included in a global bond index spurred hefty overseas investment in domestic assets, dealers said. The rise in bond prices came despite an increase in India’s consumer ...

RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards With retail inflation surprising on the upside, the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to increase the repo rate by 35-50 basis points (bps) in the review scheduled for September 28-30. According to economists, the central ...

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting Rupee climbs to 5-week high on dollar inflows, breaches key level The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets. The rupee closed at 79.1475 per U.S. dollar, compared ...

Rupee climbs to 5-week high on dollar inflows, breaches key level The Indian rupee rose to an over one-month high against the U.S. currency on Tuesday, spurred by foreign inflows into local debt and equity markets. The rupee closed at 79.1475 per U.S. dollar, compared with the previous close of 79.5225, notching up its best session this ...

India is not defending rupee, it can take care of itself: CEA Nageswaran Chief Economic Advisor V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said ...

Finance Minister Nirmala Sitharaman nudges India Inc to clear unpaid dues of MSMEs Union Finance Minister Nirmala Sitharaman on Tuesday asked big corporate houses to clear dues to micro, small, and medium enterprises (MSMEs) and said that smaller businesses will need equal support from both the government and larger established firms. “Support to the MSMEs is not ...

Large corporates request RBI for customers’ UPI data, says Dy Guv Sankar Large corporates, including fintech, have requested the Reserve Bank of India (RBI) on how they could access the data from the Unified Payments Interface (UPI), said Deputy Governor T Rabi Sankar said on Monday, reported The Hindu BusinessLine. The request, from both large fintech and non-fintech, comes on ...

Rupee appreciates 28 paise to 79.25 against US dollar in early trade The rupee appreciated 28 paise to 79.25 against the US dollar in opening trade on Tuesday, tracking the dollar’s decline versus its major peers and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar, then touched 79.25 ...

KKR seeks advisers to sell stake in Avendus Capital, says report KKR & Co. is in talks with advisers to sell its stake in Avendus Capital Ltd., valuing the financial services provider at more than $500 million, people familiar with the matter said. The private equity titan is close to appointing two banks to manage the formal ...

Data monetisation should have consumer consent: RBI deputy governor Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Monday said customer data should be monetised in a responsible manner with some level of customer consent. “At a recent conference, many corporates discussed with me how they can access UPI (Unified Payments Interface) data because that ...