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INDIAN CURRENCY
We will consider the call for review of LTCG tax: Finance minister Nirmala Sitharaman"The circumstances have changed and, therefore, the voices of concern are louder,'' she said at a media event, in reference to reports that...
Rupee rises 12 paise to 94.72 against US dollar in early tradeThe rupee rose by 12 paise to 94.72 against the US dollar in early trading on Tuesday. This increase was driven by declining crude oil pric...
Sebi issues rules for depositary receipts on REITs, InvITs unitsIndia's market regulator has unveiled a new framework enabling foreign investors to invest in REITs and InvITs, aiming to boost foreign cap...
Sebi backs removal of LTCG tax for foreign investors: ReportTo boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax f...
Razorpay gets final Gift City licence to expand cross-border paymentsRazorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows t...
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday paymentsOffshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrut...
Gulf investors eye India’s AI infrastructure and space tech even as broader interest stays subduedGulf-based investors are exploring opportunities in India's artificial intelligence and space technology sectors, despite overall subdued i...
Sebi to delist penny stocks: Market regulator plans AI-based surveillance of such firmsThe Securities and Exchange Board of India plans to delist companies that have no economic activity. This move aims to protect investors, e...
Rupee rises 33 paise to close at 94.93 against US dollarThe rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improv...
Rupee rises 7 paise to 95.19 against US dollar in early tradeThe rupee appreciated by 7 paise, settling at 95.19 against the US dollar, influenced by a declining dollar. Brent crude's lower trading pr...
Rupee to benefit from dollar retreat, plunging US yields; oil surge tempers impactThe Indian rupee is set to begin trading on a flat note or with a slight increase, driven by falling US Treasury yields. However, the loomi...
Rupee hits two-week low on 'sticky' dollar bids, modest intervention cushionsThe Indian rupee experienced a sharp decline on Thursday, hitting a two-week low against the dollar. Traders highlighted that heightened do...
Elevated oil prices keep up heat on rupee, traders await cues from FedThe Indian rupee closed lower against the dollar as oil prices surged due to supply concerns. Brent oil rose to $115.3 per barrel following...
India’s record bank cash surplus fades as RBI curbs rupee betsIndian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liquidity tightness. This monetary poli...
Rupee edges up to 95.11 against dollar on likely RBI interventionOn Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising o...
Rupee boxed in range; traders focus on oil, outflows and RBI's defenceThe Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost unchanged. Major external challeng...
Resist temptation to defend ₹ at any cost: Raghuram Rajan cautions India against excessive use of forex reservesRaghuram Rajan said India should avoid aggressively defending the rupee amid the current depreciation spree, stressing that a weaker rupee ...
Rupee slips below to 95.18 against dollar on elevated oil pricesOn Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite incr...
Rupee weakens for third session as importers step up dollar bids, foreign outflows biteThe Indian rupee declined for three consecutive trading sessions due to increased dollar buying by importers. Elevated oil prices and forei...
RBI does not target any specific Rupee level, focuses on curbing volatility, says Governor Sanjay MalhotraReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level fo...