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The rupee depreciated about 10% this year as the dollar gained strength against all major currencies, triggering the risks of large capital outflows from the emerging economies which can have a destabilising effect on trade and finance. The rupee closed Tuesday at 82.73 against the dollar as compared with the 73.8 level in early January.

State Bank of India (SBI), Bank of Baroda, ICICI Bank and IDFC Bank are among the nine participating lenders that are said to have cut the inaugural CBDC deals for settlement of trades in g-secs, three people familiar with the matter told ET.

The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners due to high global crude and product prices.

India’s fifth largest software exporter also warned of currency and demand-related challenges in its key Europe market

The net profit during Q2FY23 includes one-time impact of Rs 244 crore due to reversal of deferred tax liability relating to intangible assets transferred to Max Healthcare pursuant to voluntary liquidation of Saket City Hospital and distribution of its business undertaking in August 2022.

The RBI said a pilot of the retail version is planned for launch within a month in select locations in closed user groups comprising customers and merchants. It published a 50-page concept note for the introduction of CBDC earlier this month.

Nomura, BNP Paribas Arbitrage, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company and Kotak Mahindra Life Insurance Company are among the anchor investors

The net interest income also increased for the quarter by 26 % to Rs 802.73 crore from Rs 637.10 crore reported during the same period last year

Dogecoin zoomed more than 30 per cent to Rs $0.1527 levels from $0.114 mark in the last 24 hours

Total income in the second quarter of the current fiscal increased to Rs 23,001.26 crore as against Rs 21,262.32 in the July-September period a year ago, PNB said in a regulatory filing.