RBI steps in to support rupee as currency nears record low; tightens forex ruleseconomictimes.indiatimes.com
The Reserve Bank of India introduced emergency measures to support the rupee as the currency neared its all-time closing low of 96.82 against the dollar. Announced on Saturday, the steps include tightening foreign exchange derivative norms with reduced transaction limits and stricter documentation. The central bank imposed a 20 percent cash reserve requirement for large forex derivative transactions above $2 million to curb speculative dollar demand. Additionally, a special window was created to meet the daily dollar requirements of three public sector oil marketing companies.
RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirementsrbi.org.in
The Reserve Bank of India announced a special window to meet the entire daily dollar requirements of three public sector oil marketing companies. Under the facility, the central bank will sell US dollars to Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation through designated banks. The measure aims to support current market conditions and will take effect on October 12, 2026, remaining in place until further notice.
RBI may raise repo rate by 75-100 bps in current cycle: Reporteconomictimes.indiatimes.com
SBI Capital Markets projected that the Reserve Bank of India may raise the repo rate by 75 to 100 basis points during the current tightening cycle. The report noted that a larger rate hike could occur in December 2026 depending on September and October inflation readings. Consumer inflation is expected to peak in the third quarter of FY27 before easing below five percent year-on-year beyond the first quarter of FY28. While India's real GDP grew 7.8 percent in Q1FY27, the brokerage warned that rising borrowing costs and crude oil prices near $100 per barrel pose risks to consumption.
Private vs PSU banks face off: SBI, PNB, Union vs HDFC, ICICI, Axis, AU - Which pack could outperform in Q2 2026 resultslivemint.com
Private vs PSU banks face off: SBI, PNB, Union vs HDFC, ICICI, Axis, AU - Which pack could outperform in Q2 2026 results | Stock Market News View Market Dashboard Private vs PSU banks face off: SBI, PNB, Union vs HDFC, ICICI, Axis, AU - Which pack could outperform in Q2 2026 results Analysts expect strong bank earnings, supported by business growth, FCNR (B) inflows and possible stake-sale gains. PSU banks may outpace private banks in profit growth, while private lenders are forecast to post stronger net interest income growth. Check details Sharmila BhadoriaPublished10 Oct 2026, 05:51 PM IST Prefer Liveminton Google AI Quick ReadThe corporate earnings season has begun and experts are bullish on banking sector, with some expecting robust business growth led by FCNR (B) inflows, improvement in net interest margins (NIMs) and profit. Public Sector Banks (PSBs) are likely to report resilient margins, but private…
Nvidia-backed Firmus scraps $5 bn Australia IPO amid growing AI scrutinybusiness-standard.com
Australian data centre operator Firmus scrapped its planned $5 billion initial public offering during a period of investor concerns over valuations, debt burdens, and AI expansion plans. Backed by Nvidia, Coatue Management, and Blackstone, the company planned to sell shares at A$11 each to achieve a $30.6 billion valuation. Firmus stated it will now pursue capital through private markets and consider international public market options like a Nasdaq listing. The cancelled offering marks a blow to Australia's capital market and signals growing investor selectivity regarding AI infrastructure valuations.
DMart Q2 Results: Cons profit rises nearly 9% YoY to Rs 743 crore, revenue jumps 18%economictimes.indiatimes.com
Avenue Supermarts, the operator of DMart, reported an 8.5 percent year-on-year increase in consolidated net profit to Rs 743 crore for the second quarter of FY27. Consolidated total revenue rose 17.8 percent to Rs 19,644 crore compared to Rs 16,676 crore in the same period last year. Earnings before interest, tax, depreciation, and amortisation grew 14.7 percent to Rs 1,393 crore, though EBITDA and profit after tax margins contracted slightly. Managing Director Anshul Asawa noted that entry-level wage inflation impacted margins while the company maintained its pricing proposition across 518 stores.