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Sensex tanks 778 points, Nifty closes at 5-month low amid surging oil prices, rate hike fears

Sensex tanks 778 points, Nifty closes at 5-month low amid surging oil prices, rate hike fears

Mumbai, Sep 15 (PTI) Benchmark Sensex tanked 778 points while the broader stock index Nifty closed at a five-month low on Tuesday amid surging oil prices, geopolitical tensions and weak trends in global markets. The 30-share BSE Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82, dragged by losses in blue-chip banking, auto and oil & gas shares. The index opened higher but lost steam in late-morning deals as selling gathered pace. The barometer later tanked 787.73 points, or 1.05 per cent, to a day’s low of 73,994.03. The 50-share NSE Nifty dropped

Rupee slumps 38 paise to close at 95.92 against US dollar

Mumbai, Sep 15 (PTI) The rupee depreciated 38 paise to close at 95.92 (provisional) against the US dollar on Tuesday, weighed down by escalating Middle East conflict and soaring Brent crude oil prices, which hit USD 108 per barrel. Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India’s external trade balance. Moreover, weak domestic markets, a strong US dollar and worries over rising global treasury yields further dented investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.84 against the US dollar, then lost ground and closed at 95.92

‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem

September 15, 2026 (Conversation) The way a product is labelled can change how consumers think about it. “No added sugar” or “99% fat free” can make food sound healthier than it really is. The same might apply to buy now, pay later schemes. Marketed as a convenient way to pay for purchases over time, they are fundamentally still a form of debt. Products such as Afterpay, Klarna and Zip (which recently exited the New Zealand market) offer consumers access to items they may not be able to immediately afford. Speedy approval and an easy checkout add to the appeal, but

No charges on UPI transactions up to Rs 2,000; govt yet to decide on MDR for higher-value payments

New Delhi, Sep 15 (PTI) The government has directed banks and payment system providers not to levy charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 or on payments made through RuPay debit cards. However, the government has not specified whether charges would be applicable to transactions above Rs 2,000, to be paid by merchants. So far, there has been no charge on UPI transactions, irrespective of the amount. As per a gazette notification dated September 14, no bank or system provider would impose, whether directly or indirectly, any charge on a person making or receiving a

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