In a significant policy move aimed at strengthening foreign capital inflows and enhancing the attractiveness of India’s debt market, the central government has announced the removal of capital gains tax and withholding tax on investments made by eligible foreign investors in government securities. The decision comes at a time when policymakers are seeking to reinforce...
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
A viral claim suggesting that the Reserve Bank of India (RBI) sold gold worth nearly $12 billion to protect the country’s foreign exchange reserves has been officially rejected, with authorities clarifying that no such transaction took place. The clarification came after reports and social media posts sparked widespread speculation regarding the central bank’s gold holdings...
The Reserve Bank of India (RBI) has approved a historic surplus transfer of ₹2.87 lakh crore to the Central Government for the financial year 2025–26 (FY26), marking one of the largest dividend payouts in the central bank’s history. The decision is expected to provide a significant boost to the government’s fiscal position amid ongoing budgetary...
The Indian rupee weakened sharply in early trading on Wednesday, touching a historic low of 96.90 against the U.S. dollar, reflecting mounting pressure from global economic uncertainties, rising crude oil prices, and sustained foreign capital outflows. The decline in the domestic currency has intensified concerns among investors, traders, and policymakers about the broader implications for...
India’s financial services landscape is witnessing a significant strategic investment move as the promoter group of TVS Motor Company prepares to acquire up to a 9.9% stake in Jana Small Finance Bank. The transaction marks a notable diversification and expansion effort by the TVS-linked entities into the banking and financial services ecosystem. The proposed investment...
The Indian rupee plunged to a historic low against the US dollar, breaching the psychologically significant 96 mark amid surging crude oil prices, mounting geopolitical tensions, and persistent pressure on emerging market currencies. The sharp depreciation has intensified concerns over inflation, import costs, and broader economic stability in India as global financial markets react nervously...
The Indian rupee witnessed one of its steepest declines in recent times, falling sharply against the US dollar as rising global crude oil prices and escalating geopolitical tensions rattled financial markets. The domestic currency weakened by 139 paise during intra-day trading, nearing the critical ₹95-per-dollar mark and triggering fresh concerns over inflation, import costs, and...
The Indian rupee came under significant pressure in early trading on Wednesday, declining by 28 paise to reach 94.77 against the US dollar in the interbank foreign exchange market. The sharp fall reflected mounting global uncertainties, persistent demand for the American currency from importers, and cautious investor sentiment in international financial markets. Currency traders indicated...
In a significant regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, marking a major development in India’s financial and fintech landscape. The decision, which came into effect on April 24, effectively bars the payments bank from carrying out banking operations under the provisions of the Banking Regulation...