India

Fintech Brief — June 09, 2026 1. RBI Unveils Dollar Inflow Package; Banking Sector Expects $35–40 Billion in Foreign Currency Deposits The Reserve Bank of India announced a series of measures on Friday to boost dollar inflows, triggering the rupee’s biggest single-day rally in two months — a 0.88% gain to 94.9450 against the US dollar. Punjab National Bank’s senior management told Reuters that the banking sector expects to raise $35 billion to $40 billion via foreign currency deposits under the new RBI scheme. ...

Stock Watch — June 8, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close Change % Change Nifty 50 23,366.70 -49.85 -0.21% Bank Nifty 54,496.25 +188.40 +0.35% FinNifty 25,056.80 +25.55 +0.10% Nifty IT ~20,000* ~-5.5% (wk) Heavy selling GIFT Nifty pre-market at ~23,091 (down ~276 pts / -1.18% from Friday close) — signals gap-down opening amid Nasdaq -4.2% rout, hot US jobs data, and geopolitical escalation (Israel-Beirut strikes, Iran missile fire). ...

Fintech Brief — June 08, 2026 Today’s Top Stories 1. RBI Signs Cross-Border Digital Payments MoU with Vietnam; UPI International Network Expands The Reserve Bank of India and the State Bank of Vietnam (SBV) have signed a Memorandum of Understanding to enhance cooperation in digital payments, fintech development, and payment system connectivity. Approved by the Union Cabinet, the MoU focuses on enabling cross-border QR code-based merchant payments between India and Vietnam, making transactions more seamless and cost-effective for businesses, tourists, and consumers. The agreement builds on India’s broader strategy of exporting its digital public infrastructure — UPI now has live linkages with Nepal, UAE, Singapore, Bhutan, France, Sri Lanka, Mauritius, Peru, and Cambodia (launched June 2). Economic Times PIB ...

Fintech Brief — June 07, 2026 Today’s Top Stories 1. UPI Clocks Record 23.2 Billion Transactions in May; Goes Live in Cambodia as 9th Country NPCI data released this week confirms UPI processed a record 23.2 billion transactions worth ₹29.9 lakh crore in May 2026, up ~4% in volume and ~3% in value from April’s 22.35 billion transactions (₹29.03 lakh crore). At an average of 737.8 million daily transactions worth ₹84,423 crore, UPI now accounts for ~85% of all digital transactions in India and nearly half of the world’s real-time payments. Summer travel, IPL 2026 spending, and seasonal consumption drove the uptick. The Hindu Business Line ANI News ...

Fintech Brief — June 06, 2026 1. RBI Holds Repo at 5.25%, Slashes Growth Forecast to 6.6% — Hawks Hover The RBI Monetary Policy Committee unanimously kept the policy repo rate unchanged at 5.25% for the third consecutive meeting, retaining its “neutral” stance. However, the central bank sharply revised its FY27 GDP growth forecast downward from 6.9% to 6.6%, while raising the retail inflation projection from 4.6% to 5.1% — both driven by elevated crude oil prices, West Asia conflict-driven supply chain disruptions, and the risk of a weak monsoon. ...

Stock Watch — June 5, 2026 Market Day Summary | Not investment advice Summary as of 08:15 IST, June 5, 2026 📊 INDICES Index Prev Close (Jun 4) Change % Change Nifty 50 23,416.55 +10.95 +0.05% Bank Nifty 54,307.85 +119.30 +0.22% FinNifty ~23,160 +69 +0.30% Nifty IT ~36,780 -145 -0.39% Sensex 74,360.01 +13.84 +0.02% India VIX 15.89 -0.39 -2.43% GIFT Nifty (pre-market): 23,567 (+0.12%) — mildly positive cue for June 5 open. ...

Fintech Brief — June 05, 2026 1. UPI Goes Live in Cambodia — India’s Cross-Border Payments Network Expands to 9th Country NPCI International Payments Limited (NIPL) launched cross-border UPI payments in Cambodia on June 3, enabling Indian travellers to pay at over 4.5 million KHQR merchant outlets using any UPI-enabled app. The linkage was established in partnership with ACLEDA Bank Plc, under the supervision of both the Reserve Bank of India and the National Bank of Cambodia. ...

Stock Watch — June 4, 2026 Market Day Summary | Not investment advice Summary as of 08:15 IST, June 4, 2026 📊 INDICES Index Prev Close (Jun 3) Change % Change Sensex 74,346.17 -304.28 -0.41% Nifty 50 23,248.45 -235.10 -1.00% Nifty Bank 54,185.95 +471.30 +0.88% ↗️ Nifty IT 29,733.80 -1,382.75 -4.44% ↘️ GIFT Nifty (Jun 4) 23,307.00 -25.00 -0.11% ➡️ Pre-market cues: GIFT Nifty flat at 23,307 (-0.11%), suggesting a cautious-to-flat opening. US markets closed lower overnight — S&P 500 -0.74%, Nasdaq -0.89%. Brent crude eased to ~$97.12/bbl after Lebanon and Israel agreed to a ceasefire, but remains elevated. Dollar Index near 99.44, RBI dollar-selling interventions continue. RBI MPC decision on Friday, June 6 — consensus expects hold at 5.25%, but Bernstein sees logic in a rate hike given weak rupee and rising oil. ...

Fintech Brief — June 04, 2026 RBI MPC Deliberations Begin; Rate Hike Looms Over Currency Pressure The RBI’s Monetary Policy Committee (MPC) began its three-day deliberations on June 3, with the policy decision due Friday, June 6. While a majority of economists polled by CNBC expect the repo rate to hold at 5.25% — marking a third consecutive pause — there is growing chatter that the central bank may defy consensus and hike rates to defend the rupee. India is facing a dual risk: a weakening currency and elevated inflation, compounded by foreign institutional investor outflows that crossed $26.4 billion year-to-date in 2026. Bernstein’s Venugopal Garre argued on CNBC that a rate hike would be “more logical” for India, drawing parallels with Indonesia’s surprise 50 bps hike on May 20. Separately, Reuters reported that the RBI has sent at least 10 queries to firms and family offices over the past three weeks to scrutinise overseas investments routed through opaque structures — a rare enforcement sweep targeting potential misuse of the Overseas Direct Investment route for private wealth management. 1 2 ...

Stock Watch — June 3, 2026 Market Day Summary | Not investment advice 📊 INDICES Index Prev Close (Jun 2) Change % Change Nifty 50 23,483.55 +100.95 +0.43% ↗️ Nifty Bank 53,714.65 +71.55 +0.13% ↗️ Nifty FinNifty ~20,280 +38.10 ~+0.19% ↗️ Nifty IT 30,061.70 +981.55 +3.38% ↗️ GIFT Nifty / SGX Nifty: Nifty futures indicating a flat-to-muted start. US markets closed mixed — Dow +0.72%, S&P 500 +0.22%, Nasdaq +0.20% on June 2. Global AI optimism (Alphabet $80B raise, Anthropic IPO filing) supports tech sentiment, but Middle East tensions and elevated oil prices ($90-93/bbl Brent) weigh on risk appetite. ...