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BUSINESS

RBI's swap facility fuels India’s forex reserves to defend rupee
BUSINESS

RBI's swap facility fuels India’s forex reserves to defend rupee

New Delhi, Sep 3 — The Reserve Bank of India’s special swap windows raised a cumulative $136.3 billion by end‑August exceeding market estimates by a wide margin, likely pushing foreign reserves past $750 billion and giving the central bank firepower to defend the rupee, a report said on…

WhatsApp launches bill payments in India via Bharat Connect network
BUSINESS

WhatsApp launches bill payments in India via Bharat Connect network

New Delhi, Sep 3 — Meta-backed messaging platform WhatsApp on Thursday announced the rollout of bill payments in India which allow users to find, manage and pay household and utility bills directly.The feature is being rolled out gradually and will be available to all Android and iOS users in the…

Rupee surges 67 paise to two-month high on robust FCNR-B inflows
BUSINESS

Rupee surges 67 paise to two-month high on robust FCNR-B inflows

Mumbai, Sep 3 — The Indian rupee surged 67 paise to a two-month high against the US dollar on Thursday and logged its biggest single-day gain since June after the Reserve Bank of India's foreign currency non-resident bank (FCNR-B) inflows significantly exceeded market expectations.The rupee opened…