The data from Clearing Corporation of India shows that HDFC Bank raised Rs 450 crore at 7.01 per cent in one-year money, while IndusInd Bank borrowed Rs 1,075 crore at 7.49 per cent for the same tenor. Illustration: Uttam Ghosh
Companies like PhonePe are entitled to an annual incentive for the promotion of low-value UPI transactions. This incentive has been coming down over years. Key Points Tiger Global and Microsoft will sell 1.039 million and 3.678 million shares The ban
Buy-sell swaps are primarily being deployed to lengthen the maturity of the forward book. Illustration: Dominic Xavier/Rediff Key Points A 90-day VRR auction for Rs 25,000 crore will be conducted on January 30. The RBI has maintained that OMO purchases
The total reserves increased to $701.3 billion on the back of a rise in foreign currency assets which increased by $9.6 billion to $560 billion during the reported week. Illustration: Dominic Xavier/Rediff India’s foreign exchange reserves rose by $14 billion
The rupee witnessed its worst single-day decline in around two months since November 21, 2025, due to demand for dollars among importers, said dealers. Illustration: Dominic Xavier/Rediff The maturing short positions in the non-deliverable forwards market further weighed on the
India’s forex reserves increased by $392 million to $687 billion during the week ended January 9, the Reserve Bank of India said on Friday. Photograph: Lisa Marie David/Reuters In the previous reporting week, the overall kitty had dropped by $9.8
Wholesale price inflation extended upward momentum for the second straight month, recording at 0.83 per cent in December 2025, driven by an uptick in prices of food, non-food articles, and manufactured items on a month-on-month basis, government data showed on
Banks cannot treat compliance as a quarter-end activity, and must have stronger operational discipline and data governance throughout the year, Reserve Bank of India (RBI) Deputy Governor Swaminathan J said in a speech at the Third Annual Global Conference of
Retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India’s lower tolerance level. Illustration: Uttam Ghosh The Consumer Price Index (CPI)
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026. Illustration: Uttam Ghosh/Rediff The year 2025 turned out to be a watershed year for
