US Treasury Secretary defends stablecoins to boost dollar power

IANS | February 6, 2026 10:35 AM

Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.

SEBI proposes to extend standing SWP, STP instructions to demat-held mutual funds

IANS | February 6, 2026 10:32 AM

Mumbai, Feb 6 (IANS) The Securities and Exchange Board of India (SEBI) has proposed to allow investors to set up standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) for mutual fund units held in demat accounts, a facility currently available only for units held in the statement‑of‑account mode.

RBI leaves repo rate unchanged, sticks to neutral policy stance

IANS | February 6, 2026 10:30 AM

Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra announced on Friday that the Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged at the current level of 5.25 per cent and stick to the neutral monetary policy stance.