The Indian rupee weakened to Rs. 88.77 against the U.S. dollar on Monday, marking its third consecutive session of decline. The currency’s slide was driven by persistent foreign capital outflows, rising global crude oil prices, and sustained strength in the U.S. dollar. Despite efforts by the Reserve Bank of India (RBI) to curb excessive volatility, market sentiment remained cautious. With inflationary pressures rising and external financing costs escalating, analysts warn that the rupee may remain under pressure in the near term, hovering close to its record low of Rs.

India’s fiscal deficit for the first half of FY2025-26 stood at 36.5% of the full-year target, according to the latest data from the Controller General of Accounts (CGA). The figure reflects improved revenue collection and prudent expenditure management by the central government. The fiscal shortfall reached Rs. 8.03 lakh crore during the April–September period, supported by robust tax receipts and moderate spending.

Global credit rating agency Moody’s Investors Service has reaffirmed Reliance Industries Ltd’s (RIL) long-term issuer rating at Baa2 with a stable outlook, underscoring the company’s robust business model, diversified revenue streams, and strong financial flexibility. The agency said RIL’s credit profile remains resilient, backed by its dominant position across energy, retail, and digital services.

Air India has announced the introduction of a Premium Economy cabin on its Airbus A320 aircraft, marking a strategic upgrade in its domestic service offering. The retrofitting initiative is part of the airline’s broader transformation plan under the Tata Group, aimed at redefining in-flight comfort and service standards. The move will allow passengers to experience enhanced seating, exclusive service features, and a differentiated in-flight experience on key domestic routes.

The Reserve Bank of India (RBI) has initiated a series of critical surveys to collect data and insights that will inform its upcoming monetary policy decisions. These surveys—covering industrial outlook, consumer confidence, inflation expectations, and input costs—are designed to provide a comprehensive view of the current economic landscape. The findings will help the central bank assess business sentiment, household spending patterns, and inflationary trends.

BLS E-Services Ltd., a leading technology-driven service provider, has been empanelled by the Bank of Maharashtra to support the bank’s digital and financial inclusion initiatives across India. The collaboration aims to strengthen last-mile banking services and expand access to government-to-citizen (G2C) and business-to-customer (B2C) offerings through the company’s extensive network. With this empanelment, BLS E-Services is expected to play a crucial role in advancing the bank’s digital transformation agenda, enabling seamless access to financial products in underserved regions.

Bank of Baroda (BoB) reported an 8% decline in its consolidated net profit for the second quarter ended September 2025, weighed down by narrowing net interest margins and higher provisioning expenses. Despite the profit dip, the state-run lender maintained steady credit growth, supported by strong advances in retail and corporate lending. The bank’s management emphasized that ongoing digital initiatives, cost optimization measures, and improving asset quality will drive performance in the coming quarters.

A group of airline pilots has filed a contempt petition in the Delhi High Court against the Directorate General of Civil Aviation (DGCA), alleging non-compliance with the court’s earlier directive to revise flight duty time limitations (FDTL) in line with global safety standards. The petition claims that the regulator’s delay in implementing fair scheduling norms continues to compromise flight safety and pilot welfare.

Airfloa Rail, a leading manufacturer of railway components, has achieved a significant milestone with its order book crossing Rs 450 crore, reflecting robust demand from the domestic and international rail infrastructure sectors. The company’s recent contracts underscore its growing presence in the supply chain for metro projects, rolling stock, and advanced railway systems. This expansion aligns with India’s ongoing investments in transport modernization and Make-in-India initiatives.

Goa’s tourism industry has recorded a 6% increase in total arrivals this year, driven by a steady rise in both domestic and international visitors. The rebound in global travel, coupled with enhanced infrastructure, diverse hospitality offerings, and the state’s renewed marketing focus, has strengthened Goa’s position as India’s premier leisure destination. International tourist inflows—particularly from Europe and Russia—have shown a notable recovery, signaling improved confidence in post-pandemic travel.