Rupay and Mir card: India-Russia will explore the possibility of payment through Rupay and Mir card.

India and Russia will explore the possibility of seamless payments using RuPay and Mir cards amid various Western sanctions on Moscow. Sources said that at a recent high-level meeting of the Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, it was agreed to explore the possibility of accepting RuPay and Mir cards. In the meeting, it was also agreed to increase the connectivity between the UPI of the National Payments Corporation of India and the Faster Payments System of the Bank of Russia. It was also agreed upon to accept the Service Bureau of the Financial Messaging System of the Bank of Russia for cross-border payments.

FPI invested 11,630 crores in the domestic market

Foreign portfolio investors (FPIs) have infused a net Rs 11,630 crore into Indian stock markets in April amid fair valuation of stocks and appreciating rupee. FPI buying activity remained strong in the first fortnight of April, indicating confidence in the Indian stock market. Earlier, FPI had invested Rs 7,936 crore in March. However, most of these investments were made by US-based GQG Partners in Adani group companies.