The Reserve Bank of India (RBI) will allow offline payment of UPI by using near-field communication. The central bank raised payment limit via UPI lite to ₹500 from ₹200.
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. RBI Governor Shaktikanta Das on Thursday at a press conference said, "Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50%"
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