Economy News

UPI outage: Users report failed transactions across cities

UPI outage hits India: Users report failed transactions across cities

On April 1, 2026, digital payment services across India experienced widespread disruptions, affecting UPI transactions. State Bank of India (SBI) reported over 500 outage complaints, Users from cities including New Delhi, Mumbai, Bengaluru, Jaipur, Pune, Kolkata, Guwahati, and Chennai faced failed transactions, payment errors, and app loading issues 28 days ago
The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, or 3.26 per cent, to settle at 74,207.24.

Stock markets shut on Mahavir Jayanti, partial trading on MCX, full closure on NCDEX

BSE and NSE remained closed on Tuesday, March 31, 2026, on account of Shri Mahavir Jayanti, the 2624th birth anniversary of Lord Mahavira. This is the first of two holidays this week, with Good Friday on April 3 also a holiday. MCX was shut for the morning session (9 am–5 pm) but resumed evening trading from 5 pm to 11:30 pm. NCDEX stayed closed for the full day. Mar 31, 2026
Reserve Bank Of India

RBI injects Rs 84,582 crore into banking system

(RBI) injected Rs 84,582 crore into the banking system through two variable rate repo (VRR) auctions to boost liquidity. Liquidity in the banking system currently stands at a surplus of around Rs 1.27 lakh crore. Mar 30, 2026
Gold, silver prices climb ahead of key US Fed meet

Gold, silver prices fall up to 2 pc amid weak global cues

Gold and silver prices fell up to 2% on Monday, tracking weakness in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns. On MCX, gold dropped sharply to an intraday low of ₹1,44,212 per 10 grams, while silver also declined. Mar 30, 2026
Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Locker loss cover fixed at 100 times annual rent: Nirmala Sitharaman

Nirmala Sitharaman clarified in the Lok Sabha that standard insurance coverage for bank lockers is fixed at 100 times the annual locker rent in case of loss, theft, or damage. Banks cannot inspect locker contents due to privacy and regulatory rules, making it impractical to offer coverage based on the actual value of stored items Mar 30, 2026
Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill

Lok Sabha approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aimed at speeding up insolvency proceedings for defaulting companies. The Bill mandates a 14-day timeline for admitting insolvency applications once defaults are established and proposes 12 amendments to strengthen the resolution ecosystem Mar 30, 2026
Crude oil prices jump over 3 pc, nears 52-week high

Crude oil prices jump over 3 pc, nears 52-week high

Global crude oil prices surged over 3% on Monday, nearing a 52-week high, as tensions in West Asia escalated following the involvement of Yemen's Iran-backed Houthi group. Brent crude rose to $116.70 per barrel, while West Texas Intermediate crossed $103. Mar 30, 2026
Govt to borrow Rs 8.20 lakh crore during first half of FY 2026-27

Govt to borrow Rs 8.20 lakh crore during first half of FY 2026-27

The government will also conduct buybacks to manage its redemption profile and may use a greenshoe option to raise an additional Rs 2,000 crore per security. The RBI has fixed the Ways and Means Advances limit at Rs 2.50 lakh crore to address temporary cash mismatches. Mar 27, 2026
Jefferies rejigs key portfolios, removes HDFC Bank; bank shares slip 3 pc

Jefferies rejigs key portfolios, removes HDFC Bank; bank shares slip 3 pc

Global brokerage Jefferies has removed HDFC Bank from multiple key global and Asia-focused portfolios following the resignation of its part-time chairman Atanu Chakraborty. The move comes amid governance concerns flagged after Chakraborty cited differences over "values and ethics" in his exit Mar 27, 2026
Gold, silver surge on safe-haven demand amid West Asia tensions

Gold, silver surge on safe-haven demand amid West Asia tensions

Prices of Gold and Silver surged sharply as investors turned to safe-haven assets amid ongoing West Asia tensions and weak risk sentiment. On the Multi Commodity Exchange, gold climbed above ₹1.42 lakh per 10 grams, while silver jumped over 3% to near ₹2.28 lakh per kg Mar 27, 2026
Indian rupee opens higher against US dollar

Indian rupee opens higher against US dollar

The Indian rupee opened slightly stronger against the US dollar after Donald Trump announced a temporary pause in strikes on Iran, easing immediate geopolitical concerns. However, gains remain limited as rising crude oil prices and ongoing tensions continue to pressure the currency. Mar 24, 2026
Gold slips on strong dollar, silver rebounds on MCX; Rupee hits record low

Gold down 9.4%, silver 10.2% amid global sell-off and rising interest rate concerns

Gold and silver prices plunged sharply despite the West Asia conflict, with gold falling 9.41% and silver 10.21%. The decline was driven by profit booking, rising interest rate expectations, and global market sell-offs. Experts say this is a temporary correction, not a trend reversal, and advise investors to remain cautious. Mar 23, 2026
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