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RBI to curb rupee volatility amid external pressures, says Finance Minister Sitharaman

Let’s begin with the Indian rupee, which has fallen significantly against the US dollar over the past year and a half. Finance Minister Nirmala Sitharaman says the RBI will continue efforts to curb sharp fluctuations in the currency. After the RBI’s latest measures, the rupee gained around one per cent on Monday, strengthening to 94 rupees 96 paise against the dollar on Tuesday.

UPI merchant charge rollout deferred until after Diwali; industry awaits clarity

Next, the National Payments Corporation of India has postponed Merchant Discount Rate charges on select UPI merchant transactions until after Diwali. The move offers temporary relief to businesses during the festive season, but payment companies are still waiting for clarity on when the charges will take effect.

Zoho says it cannot offer usual pay hikes to employees this year as AI disrupts costs

Turning to the IT sector, Zoho founder Sridhar Vembu says the company will not offer its usual salary hikes this year. Rising AI costs and geopolitical uncertainty have prompted Zoho to cut its marketing budget. Vembu also warned that the outlook for software jobs remains challenging, as the company has not expanded its workforce in 18 months.

Nandan Nilekani proposes last-minute question papers to prevent exam leaks

Finally, Infosys co-founder Nandan Nilekani has proposed generating exam question papers at the last minute from a large question bank to prevent leaks, including in exams such as NEET. He has also called for expanding computer-based testing centres across India to make exams more secure and accessible. A government-appointed task force led by Nilekani is expected to recommend reforms to the public examination system.

Script & VO: Prethicshaa Gurumoorthy

Published on October 14, 2026