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India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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Rupee falls 9 paise to 83.43 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.39 and lost further groun…

PTI   


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E-rupee worth over ₹130 crore is in circulation says FM Sitharaman

Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, fi…

PTI   


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CBDC: RBI to soon start pilot launch of e-rupee for specific use cases

The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific use …

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Indian e-rupee to boost digital payments sans bank accounts, say industry stakeholders

The rollout of the e-rupee has been one of the most sought-after developments, since its announc…

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Rupee rises 10 paise to 81.72 against US dollar

The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak …

PTI   


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Supreme Court refuses to entertain urgent plea against ₹2,000 note withdrawal

The Supreme Court on Thursday declined urgent hearing on a plea challenging the Delhi High Court's …

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Zero tolerance for high volatility, says RBI guv Shaktikanta Das as Rupee stays above 80/$

RBI governor Shaktikanta Das today reiterated that keeping the Rupee stable is his primary goal. He…

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1 min read

RBI to launch pilot of retail digital rupee on Dec 1

The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on …

PTI   


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Rupee has behaved in an orderly manner, says RBI Governor

With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark a…

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6 mins read

RBI’s ‘Save the Rupee’ bill has hit over $40 billion already and it could add another $40 billion this year

Over the last six months, India's forex reserves have fallen by over $40 billion, with the RBI inte…

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4 mins read

Indian markets open tad higher ahead of GDP data -- Zomato, SBI, NDTV, Britannia Industries among stocks to watch

Indian benchmark indices opened with marginal gains on Wednesday, amid mixed global cues. The marke…

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1 min read

India e-logistics industry set to touch $9 bn with e-commerce boom

India's e-logistics sector has become one of the largest and fastest growing logistics markets glob…

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Diwali week cash circulation declines for the first time in 20 years: SBI Ecowrap

For the first time since 2002 – that’s 20 years – currency in circulation has declined during…

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Sensex falls 642 points as US jobs data drags down global markets

Benchmark indices started the week on a lower note tracking the US and Asian markets, which were tr…

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SpiceJet announces 20% salary hike for pilots, says will bring back those put on leave without pay

SpiceJet announced a 20 per cent salary hike for pilots from October onwards.

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India's external debt of $620bn is sustainable: Finance Ministry report

In a recent report, the Department of Economic Affairs said the country's external debt continue…

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I'd like to believe Rupee will be in a depreciating mode rather than appreciating, says L&T CFO

R Shankar Raman, the CFO of the company said that they will vie to achieve 15% growth in revenues f…

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Hiring in startups up in April, despite 6% annual drop in e-recruitment: Foundit report

Despite economic uncertainties, the hiring activity among startups has significantly increased in A…

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India must pitch for Rupee as dollar distancing might be finally happening: SBI Ecowrap

Many countries across the globe has been surreptitiously searching for non traditional payment and …