Before Market Opens: 9 essential things to know at 9 am on March 14, 2024

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₹4,595.06 crore, while domestic institutional investors (DIIs) purchased ₹9,093.72 crore worth of stocks on March 13, provisional data from the NSE showed. The rupee declined by 5 paise to settle at 82.85 (provisional) against the US dollar on Wednesday, tracking a broad-based selloff in domestic markets.

Forex traders said the rupee is likely to trade with a slightly negative bias on recovery in the greenback and concerns over elevated crude oil prices. At the interbank foreign exchange market, the local unit opened at 82.82 and witnessed an intra-day low of 82.91 and a high of 82.82 against the greenback during the trading session.

The local unit finally settled at 82.85 (provisional) against the dollar, registering a loss of 5 paise from its previous close. State Bank of India (SBI), the largest lender in the country, has forged a partnership with One97 Communications, the entity behind the Paytm brand and app, to facilitate consumer UPI payments.

Previously, Paytm's UPI services were operated through Paytm Payments Bank Limited (PPBL). However, following regulatory actions by the Reserve Bank of India (RBI) against PPBL, Paytm has been compelled to seek collaborations with banks to function as a third-party application provider (TPAP), aligning with the strategies adopted by its major rivals such as PhonePe and Google Pay.Milestone Alert!
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