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Indian Rupee has weakened to breach the 90-mark against the US dollar due to persistent FII outflows and banks buying dollars.
Non-banking financial institutions have been instructed to use .fin.in as the suffix for their web addresses.
Users can now authenticate UPI payments using smartphone fingerprint or face unlock, eliminating the need for a UPI PIN.
Cheques above ₹5 lakh require Positive Pay mandatorily as per RBI rules, while it is highly recommended for amounts above ₹50,000.
RBI interest rates remain unchanged as the Reserve Bank of India holds interest rates steady, awaiting further clarity on US tariffs and domestic policy impacts.
RBI Governor Sanjay Malhotra-headed MPC is scheduled to begin a three-day meeting on policy rate on Monday
Focusing on economic expansion and financial stability, the Governor highlights measures to boost bank credit and ease of doing business.
The CPI-based inflation was 2.1% in June and 3.6% in July 2024.
RBI Governor clarifies bank's autonomy to set the minimum balance requirement for savings accounts.
RBI guidelines aim to simplify and expedite the process for legal heirs to access funds and locker contents of deceased account holders
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