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Rupee hits record low on strong NDF dollar bids; RBI likely steps in
The Indian rupee weakened to an all-time low on Friday, hurt by persistently strong dollar demand in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India (RBI) capped the currency's losses.
Rupee hits record low against US Dollar, weakens past 85.50 mark
With the fall, the INR has broken below the psychologically key level of 85.50 for the first time, weakening for a ninth day in a row.
Rupee remains under pressure, hits record low of 85.28 vs $
The rupee continues to weaken against the dollar, hitting a record low of 85.26 due to elevated dollar index levels and cautious foreign institutional investors. The currency struggles with recovery amid global economic uncertainties and domestic macroeconomic challenges,
29m
RBI approves PPI holders to make UPI payments via third-party apps
RBI allows PPI users to use UPI payments via third-party apps, enhancing interoperability and convenience for digital ...
26m
RBI allows interoperability between PPIs like wallets for UPI payments
Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds. However, transactions between ...
1h
on MSN
RBI permits UPI access for prepaid payment instruments through third-party apps; what does this mean
A prepaid payment instrument (PPI) is a financial tool that allows users to store funds on a card or digital wallet for ...
Press Trust of India on MSN
2h
RBI Permits UPI Transactions Via Prepaid Payment Instruments Using Third-Party Apps
The Reserve Bank on Friday allowed prepaid payment instruments holders to make and receive UPI payments through third-party ...
devdiscourse
3h
RBI Greenlights UPI Payments via Prepaid Wallets
The Reserve Bank of India has authorized the use of prepaid payment instruments (PPIs) for UPI transactions on third-party ...
inc42
2h
RBI Allows PPIs To Use UPI Via Third-Party Apps
RBI has announced that Prepaid Payment Instruments (PPIs) with full KYC will now be able to make UPI payments through ...
1h
RBI permits UPI transactions via PPI wallets using third-party apps
RBI permits users of full-KYC prepaid payment instruments (PPIs) to make and receive UPI payments via third-party mobile apps ...
2h
RBI allows PPI holders to have UPI transactions through mobile app of third-party UPI apps
RBI enables UPI payments for full-KYC PPIs through third-party UPI apps, amending provisions for seamless transactions.
1h
RBI’s new rule allows UPI transactions to PPI holders using third-party apps
Currently, UPI payments from/to a PPI can only be carried out using the mobile application provided by the PPI issuer.
Moneylife
4h
RBI Highlights Rising Risks in Unsecured Lending and Private Credit Markets
The Reserve Bank of India (RBI) has raised concerns about the growing risks associated with unsecured lending and private ...
Press Trust of India on MSN
43m
India’s forex reserves drop $8 bn to $644 bn over revaluation, RBI interventions on rupee volatility
The reserves have been declining for the last few weeks, and the drop has been attributed to revaluation along with forex ...
Fortune India
4h
RBI sounds alarm on unsecured loans; wants stricter oversight as risks persist
RBI says unsecured loans present "higher credit risk" and that its share in total credit of banks has been increasing since ...
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