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RBI governor Sanjay Malhotra indicated that the rupee is undervalued and the central bank will intervene. The rupee closed at 96.78, down 36 paise from the previous day, hitting a five-month low. Malhotra mentioned that global AI stock corrections could attract foreign capital to India. Despite a robust services trade surplus, the current account deficit has widened due to increased merchandise trade deficit.

Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra https://timesofindia.indiatimes.com/india/rupee-may-be-undervalued-markets-can-be-irrational-rbi-governor-sanjay-malhotra/articleshow/134777349.cms

Elon Musk has claimed that certain oligarchs are obstructing Starlink's entry into the Indian market. Starlink has already established the necessary infrastructure and is prepared to launch its services. The company aims to provide affordable broadband connectivity to areas lacking internet access. Regulatory approvals are awaited before the commercial rollout can commence in India. Collaboration with local telecom operators has been a key element in Starlink's strategy for success.

Some oligarchs blocking entry of Starlink in India: Elon Musk https://timesofindia.indiatimes.com/business/india-business/some-oligarchs-blocking-entry-of-starlink-in-india-elon-musk/articleshow/134776971.cms

The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change.

Loans set to get dearer as RBI hikes repo rate after 44 months https://timesofindia.indiatimes.com/business/india-business/loans-set-to-get-dearer-as-rbi-hikes-repo-rate-after-44-months/articleshow/134774530.cms

For individuals who receive a CAS, this means information on their mutual funds, stocks and, going forward, fixed deposits (FDs) can be viewed together in one place. The change will allow demat account holders to see details of their demat holdings as well as bank deposit accounts together in a single CAS.

RBI’s big move: Your consolidated account statement will now have details of MFs, stocks & FDs! https://timesofindia.indiatimes.com/business/india-business/rbi-makes-financial-information-easier-to-access-for-you-account-aggregators-to-work-across-platforms-while-fixed-deposits-will-be-visible-in-your-cas-alongside-stocks-and-mutual-funds/articleshow/134762957.cms

An 83-year old retired woman in Kerala filed a case seeking monthly maintenance payment of Rs 15,000 and also claimed a share in the widow family pension. The woman is a retired employee of the Kerala Government Fisheries Department and receives a pension following her retirement. The court said it was unable to understand the basis for such an argument.

Woman got Rs 12.28 lakh, but sought maintenance from granddaughter & son’s widow; Court rejects plea https://timesofindia.indiatimes.com/business/india-business/83-year-old-woman-got-rs-12-28-lakh-after-sons-death-but-sought-rs-15000-maintenance-from-college-going-granddaughter-and-a-share-of-family-pension-from-sons-widow-kerala-hc-rejects-both-claims/articleshow/134768286.cms

The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. He said he was willing to pay the maintenance charges, but the society had not issued him any bills since 2014. By April 2015, the outstanding maintenance amount had risen to Rs 1.42 lakh. The housing society told the court that it was seeking recovery of the dues along with 18% simple interest.

Housing society sought defaulter tag over Rs 1.42 lakh dues; court gives doctor interim protection https://timesofindia.indiatimes.com/business/india-business/housing-society-wanted-to-label-mumbai-doctor-a-defaulter-over-rs-1-42-lakh-maintenance-dues-and-18-interest-why-maharashtra-court-has-granted-him-interim-protection/articleshow/134763492.cms

Why does a hike in repo rate hit your pocket? Does the repo rate hike mean an automatic increase in your loan EMIs? Is it better for you to opt for an EMI hike or an extension of your loan tenor? And how does this step from RBI help people looking to invest in fixed deposits? We decode: