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Kerala has been hit by the worst-ever floods in a century. So far, over 357 people have lost their lives and over 10,000 people evacuated from the worst-affected areas of southern state.
RBI Governor Urjit Patel today unveiled UPI version 2.0 which will allow customers to use overdraft limit for making payments for merchants.
The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.
Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.
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