The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexicos tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.
Nithin Kamath says Zerodha limits lending to loans against securities due to higher funding costs, tougher competition, and risks linked to unsecured credit. Lower-risk, collateral-backed loans align better with its philosophy and customer base, making them a natural extension of its broking business.
Nithin Kamath says 62% of Zerodha users with holdings still lack nominees despite an online process, urging investors to notify nominees to prevent unclaimed assets as Sebi defers its nomination frameworks third phase.
Reserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack of unique utility compared to fiat money. He emphasized that these digital tokens do not offer benefits beyond what traditional currency can provide, and India will maintain a cautious approach to such innovations.
