Dollar buying by oil companies and foreign portfolio investors (FPIs) who have been sellers in equities were the major reasons for the persistent weakness in the Rupee.Brent Oil has been consistently above $105 per barrel though it has fallen from a peak of $125 recently. Oil forms 83 per cent of our imports and if it remains higher our current account and trade account remain higher.

Nifty 50 is down by about 18% from its October 2021 high of 18,604. The mid-cap and small-cap indices have fallen more than 20% and entered the bear market.

Instead, RBI has asked for tokenisation as a safer and more convenient alternative to card storage. Through tokenisation, one’s sensitive card information can be replaced with a non-sensitive uniquely generated code called ‘Token’.

Economists anticipate that India’s forex reserves, which provides a cushion against any external risks, may fall further to about $565 billion by the end of FY23 as the Asian economy would use its capital account to finance current account deficits which is projected to widen to over 3% of GDP in FY23.

The bank would look to raise Rs 5500 crore through Basel III compliant additional tier 1 bonds, while the target to raise through tier 2 bonds is fixed at Rs 3500 crore. The timing and extent of fundraising would however entirely depend on the market conditions, the bank said in a regulatory filing to stock exchanges.

Transaction value 40% lower than Blinkit’s last valuation of just over $1 b; Blinkit shareholders to get about 7% in Zomato

The portfolio includes the Biorphen (phenylephrine hydrocholoride) injection and Rezipres (ephedrine hydrochloride) injection NDAs (new drug application) with nine separate combinations of strengths and presentations and one first- to-file approved ANDA for Cysteine Hydrochloride for the US.

RBI deputy governor Michael Patra said the MPC will discuss and draft the report to be sent to the government to explain the deviation from the inflation target, weighing in on the situation if the figure is not met for three successive quarters.

Unlike spectrum trading, dynamic spectrum sharing is a kind of leasing and allows telecom companies to share their unused airwaves with their peers on a real-time basis, allowing intra-circle rights, experts said.

While filing the placement memorandum for LVF schemes with Sebi, a duly signed and stamped undertaking by CEO of the manager to the AIF (or person holding equivalent role or position depending on the legal structure of manager) and compliance officer of manager to the AIF need to be submitted in a prescribed format.