Impacts of Rupee Depreciation:
Imports become more expensive: One of the immediate impacts of rupee depreciation is that imports become more expensive. This is because when the rupee depreciates, it takes more rupees to buy the same amount of foreign currency. As a result, businesses and consumers in India have to pay more for imported goods and services, which can lead to higher prices for consumers.
Inflation Increases: When the cost of imports increases, it can lead to inflation.
Impact on foreign investment: A weaker rupee can discourage foreign investors from investing in India. This is because they are more likely to face losses when converting their profits back into their home currency.
Higher borrowing costs: When the rupee depreciates, it can lead to higher borrowing costs for Indian businesses and the government. This is because foreign investors demand higher interest rates to compensate for the increased risk associated with investing in a country with a weaker currency.
(Source : Brajesh Mohan)
Imports become more expensive: One of the immediate impacts of rupee depreciation is that imports become more expensive. This is because when the rupee depreciates, it takes more rupees to buy the same amount of foreign currency. As a result, businesses and consumers in India have to pay more for imported goods and services, which can lead to higher prices for consumers.
Inflation Increases: When the cost of imports increases, it can lead to inflation.
Impact on foreign investment: A weaker rupee can discourage foreign investors from investing in India. This is because they are more likely to face losses when converting their profits back into their home currency.
Higher borrowing costs: When the rupee depreciates, it can lead to higher borrowing costs for Indian businesses and the government. This is because foreign investors demand higher interest rates to compensate for the increased risk associated with investing in a country with a weaker currency.
(Source : Brajesh Mohan)
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Retail inflation breaches RBI target to hit 4.38% in June
India's retail inflation accelerated to 4.38% in June as elevated food and fuel prices, geopolitical tensions in West Asia and concerns over an uneven monsoon kept price pressures firm. The latest consumer price index (CPI) reading breached the Reserve Bank of India's medium-term inflation target of 4% after 17 months, ending a prolonged period of relatively subdued inflation.
India's retail inflation accelerated to 4.38% in June as elevated food and fuel prices, geopolitical tensions in West Asia and concerns over an uneven monsoon kept price pressures firm. The latest consumer price index (CPI) reading breached the Reserve Bank of India's medium-term inflation target of 4% after 17 months, ending a prolonged period of relatively subdued inflation.
The Economic Survey highlights a key behavioural insight:
Why do Indians follow rules in metro systems but become unruly in other transport spaces?
Key Reasons Identified:
* Lack of clarity of rules in other transport systems
* Absence of fixed timing and predictable schedules
* Poor infrastructure and weak maintenance
* Lack of reliability and stability
* Absence of dignity, trust, and soft-touch regulation
When public spaces are safe, predictable, well-maintained, and dignified, people develop a sense of ownership and voluntarily follow rules—as seen in metro systems.
Broader Insight:
Civic behaviour is not a cultural flaw; it is a design and governance outcome.
(Source : Brajesh Mohan)
Why do Indians follow rules in metro systems but become unruly in other transport spaces?
Key Reasons Identified:
* Lack of clarity of rules in other transport systems
* Absence of fixed timing and predictable schedules
* Poor infrastructure and weak maintenance
* Lack of reliability and stability
* Absence of dignity, trust, and soft-touch regulation
When public spaces are safe, predictable, well-maintained, and dignified, people develop a sense of ownership and voluntarily follow rules—as seen in metro systems.
Broader Insight:
Civic behaviour is not a cultural flaw; it is a design and governance outcome.
(Source : Brajesh Mohan)
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LIC HFL INTERVIEW ADMIT CARD OUT
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👍2
UPI above 2,000 may attract 0.5% MDR for large traders
The government is considering introducing a merchant discount rate (MDR) on UPI payments made to large merchants, Moneycontrol has learnt. The fee may be set below 0.5 percent and apply to transactions above Rs 2,000.
MDR is a fee charged by banks for processing real-time digital transactions.
“This is the proposal being considered by the government right now, and a decision on the same is expected within two weeks,” a senior government source said. “The MDR will be levied only on large merchants and businesses.”
(Aparchit)
The government is considering introducing a merchant discount rate (MDR) on UPI payments made to large merchants, Moneycontrol has learnt. The fee may be set below 0.5 percent and apply to transactions above Rs 2,000.
MDR is a fee charged by banks for processing real-time digital transactions.
“This is the proposal being considered by the government right now, and a decision on the same is expected within two weeks,” a senior government source said. “The MDR will be levied only on large merchants and businesses.”
(Aparchit)
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Interview Library
NICL Assistant 2026 Notification Out • Vacancies - 500 • Age Limit - 21 to 30 Years • Eligibility - Graduation • Prelims - 27 Aug • Mains - 30 Oct
A Dedicated Discussion Group for those wishing to prepare for NICL Assistant
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Apple unseats Nvidia as World's largest company.
Apple has overtaken Nvidia to reclaim the title of the world’s most valuable publicly traded company, ending a reign that Nvidia built almost entirely on the back of insatiable demand for AI chips.
The two companies had been running neck and neck for weeks. In mid-July 2026, the gap between them narrowed to roughly $20 billion on certain trading days.
Nvidia’s market cap has ranged between roughly $4.7 trillion and $5.15 trillion in early-to-mid July 2026, while Apple’s has tracked between $4.5 trillion and $4.9 trillion over the same stretch. Apple’s fiscal third-quarter earnings, due July 30, are expected to show revenue growth of 14% to 17%.
Apple has overtaken Nvidia to reclaim the title of the world’s most valuable publicly traded company, ending a reign that Nvidia built almost entirely on the back of insatiable demand for AI chips.
The two companies had been running neck and neck for weeks. In mid-July 2026, the gap between them narrowed to roughly $20 billion on certain trading days.
Nvidia’s market cap has ranged between roughly $4.7 trillion and $5.15 trillion in early-to-mid July 2026, while Apple’s has tracked between $4.5 trillion and $4.9 trillion over the same stretch. Apple’s fiscal third-quarter earnings, due July 30, are expected to show revenue growth of 14% to 17%.
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IIFCL Grade A/B– MOCK INTERVIEW SESSION
Purpose:
✓ Most Expected Questions based on your profile
✓ Questions covering all Segments like IIFCL, work profile, HR, your background and Education, current affairs, etc
✓ An opportunity to resolve all your doubts Live
✓ A detailed Feedback highlighting Positives and Negatives
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Duration: 45-60 minutes
Platform: Google Meet
Fee: ₹499 per session
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To Enroll:
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Purpose:
✓ Most Expected Questions based on your profile
✓ Questions covering all Segments like IIFCL, work profile, HR, your background and Education, current affairs, etc
✓ An opportunity to resolve all your doubts Live
✓ A detailed Feedback highlighting Positives and Negatives
Panel Members:
2 Panelists with Experience in Banking, Insurance and Regulatory bodies
Duration: 45-60 minutes
Platform: Google Meet
Fee: ₹499 per session
(Payment via UPI; QR code will be shared upon confirmation in a personal message)
Availability:
Weekdays and Weekends - Evenings
To Enroll:
Send a message to @js_rbi
👍4❤1
🏦 RBI Issues New Rules for Sale of Seized Properties
Effective From: 1 October 2026
• RBI has issued new rules for houses, land and commercial properties that banks acquire from loan defaulters.
• Banks must sell these properties within 7 years of acquiring them. They are encouraged to sell them earlier through public auctions.
• The defaulting borrower and related parties cannot buy back the seized property from the bank. This prevents borrowers from intentionally defaulting and later reclaiming the property.
• Valuation: The property will be valued at the lower of:
✓Outstanding loan value (Net Book Value), or
✓Fair value assessed by two independent valuers.
• Every bank must have a Board-approved policy for managing and selling such properties.
• These rules apply only after the property legally becomes the bank's ownership. Borrowers' rights under the SARFAESI Act, 2002 remain unchanged before that.
Effective From: 1 October 2026
• RBI has issued new rules for houses, land and commercial properties that banks acquire from loan defaulters.
• Banks must sell these properties within 7 years of acquiring them. They are encouraged to sell them earlier through public auctions.
• The defaulting borrower and related parties cannot buy back the seized property from the bank. This prevents borrowers from intentionally defaulting and later reclaiming the property.
• Valuation: The property will be valued at the lower of:
✓Outstanding loan value (Net Book Value), or
✓Fair value assessed by two independent valuers.
• Every bank must have a Board-approved policy for managing and selling such properties.
• These rules apply only after the property legally becomes the bank's ownership. Borrowers' rights under the SARFAESI Act, 2002 remain unchanged before that.
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Major Banks Earn over 20,000 Crore from insurance sales in FY26.
Leading public and private sector banks dominated this lucrative fee stream, with nearly 80% of earnings coming from insurance sales:HDFC Bank: ₹6,927 croreICICI Bank: ₹4,068 croreAxis Bank: ₹3,700 croreState Bank of India (SBI): ₹2,795.01 crore (a 19.26% jump from the previous year)Kotak Mahindra Bank: ₹1,075 crore
Leading public and private sector banks dominated this lucrative fee stream, with nearly 80% of earnings coming from insurance sales:HDFC Bank: ₹6,927 croreICICI Bank: ₹4,068 croreAxis Bank: ₹3,700 croreState Bank of India (SBI): ₹2,795.01 crore (a 19.26% jump from the previous year)Kotak Mahindra Bank: ₹1,075 crore