India’s foreign exchange reserves took a notable hit recently, largely due to fluctuations in the currency market and changing valuations. The Indian rupee faced increased instability against the US dollar, worsened by escalated geopolitical tensions that rocked global energy markets. This situation has put pressure on India’s energy imports.
Banks propose ‘Yes-No’ prompt for high-risk UPI transfers to curb digital payment frauds
Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digital payment convenience. Banks suggest
August 3, 2026