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RBI CRACKDOWN
ED's Parimatch heat reaches Zepto; SPC's India deeptech pushZepto has come under the ED's scanner as part of its probe into Parimatch. This and more in today's ETtech Top 5.
Operation Octopus: Trapping the tentacles of India’s cyber fraud networkAmidst the alarming increase in cyber scams, the Hyderabad Police have initiated Operation Octopus, a mission aimed at dismantling the enti...
As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
Hyderabad cops want RBI to plug gaps that facilitate cybercrimeHyderabad Police's crackdown on cyber fraud, revealing systemic banking gaps and Rs 400 crore annual losses, has prompted a high-level meet...
The rupee’s swing: When currency becomes the deal maker or breakerRupee volatility has become central to India’s distressed deals, driving stress for firms with dollar debt despite stable operations. Eleva...
Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
Regulatory risk restrains bankers from tapping rupee futures-forwards arbitragePricing distortions stemming from the Indian central bank's recent foreign exchange curbs have opened up arbitrage between exchange-traded ...
India's tech hiring chills; Polymarket's IPL betHappy Tuesday! The tech sector is seeing a slowdown in hiring driven by internal cost controls. This and more in today's ETtech Morning Dis...
Indian companies' $7 billion NDF hoard shows firms seized rupee arbitrage windowIndian companies rushed to the non-deliverable forwards market, trading over seven billion dollars on March 30. This surge followed Reserve...
Forex reserves drop by $10.29 billion to $688.06 billion as of March 27India's foreign exchange reserves saw a significant decline. Reserves fell by over USD 10 billion in the week ending March 27. This drop fo...
Indian rupee soars to best day in over a decade as RBI clamps down on speculationThe Indian rupee surged on Thursday after the central bank tightened the screws on speculative bets against the currency, with the Asian un...
Rupee records sharpest rise in over 12 years after RBI’s tough crackdown on forex speculation: What lies ahead?The Indian rupee surged against the US dollar, marking its sharpest single-day gain in over 12 years, following the Reserve Bank of India's...
RBI's forex war explained: How a $149 billion crackdown is stopping speculators from tanking the rupeeThe RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken the rupee furthe...
Indian banks likely to face margin pressure amid tighter liquidity in FY27: FitchIndian banks may see tighter margins. The Reserve Bank of India faces challenges injecting funds due to rupee volatility. Global risks coul...
Bank stocks fall up to 4% as RBI's forex rules may deliver Rs 5,000 crore shockIndian bank stocks fell up to 4% as the Reserve Bank of India's aggressive currency defense measures threatened to cause losses of up to Rs...
India doubles down on curbing rupee speculation after initial steps fall shortThe Reserve Bank of India has intensified its crackdown on rupee speculation, now targeting corporate arbitrage after initial measures on b...
RBI doubles down on curbing rupee speculation after initial steps fall shortThe Reserve Bank of India has intensified its crackdown on rupee speculation, targeting corporate arbitrage after earlier measures on banks...
Rupee hits 94: Abhishek Goenka on the $30 billion unwind that could keep the currency under pressure for daysThe Reserve Bank of India's intervention to curb arbitrage trades has triggered a disorderly unwinding of bank positions, causing the rupee...
Bank stocks fall up to 3% as RBI forex clampdown sparks Rs 4,000 crore loss fearsBanking stocks fell up to 3% after RBI imposed stricter forex position limits, raising concerns over potential mark-to-market losses of Rs ...
P2P startups look to overhaul biz, processes amidst RBI crackdownPeer-to-peer lending startups are still coming to terms with the latest observations on the sector released by the RBI on August 16. At the...