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India’s Forex Reserves Fall for Fourth Week to $734.6 Billion

By Uniquetimesorg October 7, 2026 0

India’s foreign exchange reserves fell for the fourth consecutive week to $734.6 billion, according to data cited by the Reserve Bank of India (RBI). The reserves are now around $50 billion below their recent peak of $785.71 billion recorded on September 4. The decline comes as the RBI has been selling dollars in the spot […]Continue Reading

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RBI Raises Repo Rate to 5.5% as Inflation Risks Rise

By Uniquetimesorg October 7, 2026 0

The Reserve Bank of India (RBI) raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday, marking its first rate hike in nearly four years. The central bank also shifted its policy stance from “neutral” to “calibrated tightening”, signalling that further increases could be considered depending on inflation and economic growth. The […]Continue Reading

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UPI MDR from Oct 15: RBI Says Impact on Usage Will Be Small

By Uniquetimesorg October 7, 2026 0

RBI Governor Sanjay Malhotra said the new merchant discount rate (MDR) on select UPI transactions is unlikely to have a major impact on UPI usage. The new framework will come into effect from October 15, introducing a 0.4% charge on eligible UPI person-to-merchant transactions above ₹2,000. The MDR will be paid by merchants and cannot […]Continue Reading

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Indian Companies Hedge Against Rupee Weakness

By Uniquetimesorg October 5, 2026 0

Indian companies are increasing their protection against a possible fall in the rupee, indicating that concerns over the currency remain despite measures taken by the Reserve Bank of India to support the economy. Importers booked nearly $77 billion in currency hedges in September, the highest monthly amount on record. The September figure was more than […]Continue Reading

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RBI Drains Nearly $20 Billion From Surplus Liquidity

By Uniquetimesorg September 29, 2026 0

The Reserve Bank of India has absorbed an estimated $20 billion in excess rupee liquidity from the banking system through foreign exchange operations, according to two bankers. The RBI has used dollar-rupee sell-buy swaps, spot dollar sales, bond sales and variable-rate reverse repos to manage surplus funds. The measures, combined with tax outflows, have sharply […]Continue Reading

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Sun Pharma Plans $1 Billion Local Debt Sale

By Uniquetimesorg September 29, 2026 0

India’s Sun Pharmaceutical Industries plans to raise around 100 billion rupees ($1.04 billion) through a rupee-denominated debt sale, according to three sources. The funds are expected to partly refinance a bridge loan taken to finance its acquisition of US healthcare company Organon & Co. Sun Pharma, India’s largest drugmaker by market value, secured a nearly […]Continue Reading

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RBI Net Bond Sales Cross ₹1 Trillion

By Uniquetimesorg September 28, 2026 0

India’s central bank has net sold government bonds worth ₹1 trillion during the current financial year, its largest annual net bond sale in more than a decade, according to treasury officials. Market participants expect the RBI to sell another ₹1 trillion by December. The Reserve Bank of India is using bond sales to withdraw excess […]Continue Reading

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Tata Group Firms Lose $4 Billion in Market Value Amid Holding Company Dispute

By Uniquetimesorg September 18, 2026 0

Shares of several listed Tata Group companies fell sharply on Friday, wiping around $4 billion from their combined market value, as investors reacted to growing uncertainty over the future listing and leadership of holding company Tata Sons. The selloff followed Tata Sons’ decision to reappoint N. Chandrasekaran as chairman for another five years and move […]Continue Reading

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Apple Pay Eyes India Launch With Axis Bank Partnership

By Uniquetimesorg September 18, 2026 0

Apple is reportedly preparing to launch Apple Pay in India next month with Axis Bank credit cards, according to three sources familiar with the matter. The move would mark Apple Pay’s entry into one of the world’s largest digital payments markets, where the service is currently unavailable. Apple has also held discussions with HDFC Bank […]Continue Reading

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India’s Balance of Payments Surplus Jumps to $20.8 Billion in July

By Uniquetimesorg September 15, 2026 0

India’s balance of payments (BoP) recorded a $20.8 billion surplus in July 2026, sharply up from just $0.3 billion a year earlier, as foreign-exchange inflows surged following measures by the Reserve Bank of India (RBI) to attract overseas deposits. The improvement comes despite continued pressure on the country’s external accounts from elevated oil prices and […]Continue Reading