BFSI news wrap: Rupee’s strength in REER, RBI’s forex market activity, and SC on credit card rates

Last Updated: Dec 27 2024 | 8:43 PM IST

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The rupee’s Real Effective Exchange Rate rose to 108.14 in November, up from 107.20 in October, marking a 0.9% increase. The Supreme Court overturned a 16-year-old ruling that capped credit card late payment interest at 30% annually, providing relief to banks.