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16.06.26 - 02:42
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West Asia peace deal lifts sensex, Rupee gains 40p/$ (Times of India)
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After the deal was announced early on Monday, markets were in an upbeat mood with sensex opening almost 1,200 points higher. It gained some more points in early trades and then as profit taking set in, it closed slightly off the intra-day high, but was still up 1%. The day's gains made investors richer by almost 8.5 lakh crore with BSE's market capitalisation now at Rs 470.5 lakh crore....
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16.06.26 - 02:42
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RBI issues stricter norms to curb mis-selling by lenders (Times of India)
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The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture explicit consent via verifiable modes such as signed physical/electronic declarations, OTP approvals, recorded confirmations or clearly demarcated agreement clauses. RBI said interfaces must default to 'No' or 'I do not agree', forcing conscious opt-in....
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15.06.26 - 13:42
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Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum (Times of India)
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The Indian rupee strengthened against the US dollar for a second consecutive day, buoyed by a significant drop in crude oil prices following a preliminary US-Iran agreement. This rise also builds on recent Reserve Bank of India measures aimed at attracting dollar inflows. Traders anticipate further support for the rupee, though its appreciation pace may hinge on the RBI's policy....
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15.06.26 - 02:54
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West Asia uncertainty, oil & gold imports hurt Rupee: FM Sitharaman (Times of India)
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Finance minister Nirmala Sitharaman said it's not only the rupee that's under pressure, as currencies such as the Japanese Yen and the Korean Won had also fallen sharply against the dollar. The minister said the more significant challenge was persistent uncertainty in West Asia, while imports of crude oil, gas, fertilisers and gold were also pushing up dollar demand....
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