The rupee on Thursday opened seven paise higher at 70.97 against the US dollar. The domestic unit on Wednesday dipped three paise to close at 71.04 amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.
Tirupur: K Vijayakarthikeyan took charge as the new Tirupur collector on Wednesday. He was earlier working as the director of the Tamil Nadu Institute of Urban Affairs. Before that, he was the Coimbatore corporation commissioner.
State-owned Indian Bank said it has decided to link all new floating rate retail as well as MSME loans with the Reserve Bank of India's (RBI) repo rate, effective October 1.
Prime Minister Narendra Modi on Wednesday said that the growth story of the Indian economy has been built on four pillars of Democracy, Demography, Demand and Decisiveness.
The Reserve Bank of India wants to ensure that customers are compensated in case it takes too long to address failed transactions on UPI, payments banks and wallets, Aadhaar Enabled Payments System, among others.
MSME minister Nitin Gadkari presided over a brainstorming session in New Delhi, to discuss the modalities and way forward in this regard.