Daily Current Affairs – March 28, 2026

The Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalled flights and reduced trade with the Gulf. This irregular market, typically seeing a dollar premium, is now operating 1-2% below official rates, impacting informal remittance channels.

The Reserve Bank of India has set a new limit for banks on their foreign currency dealings in the rupee. This move aims to control speculative trading and stabilize the Indian currency. Banks must now keep their open positions within 100 million US dollars each day. This regulation comes as the rupee faces pressure and has depreciated significantly.

The decision, notified in a Government Order dated March 23, follows a proposal from the Health Department highlighting the need for structured technical guidance and coordinated efforts to expand palliative care.

Under the new policy, the net-worth requirement for a company willing to register as TV rating agency has been reduced from existing ₹20 crore to ₹5 crore

The U.S. President reiterated his role in stopping the India-Pakistan conflict, referred to the Strait of Hormuz as the ‘Strait of Trump’ and mocked NATO as a ‘paper tiger’

U.S. stocks plunged Friday, with major indexes hitting seven-month lows as a Middle East war continued to suppress risk appetite. The Dow entered correction territory, down over 10% from its record high. Rising oil prices fueled inflation fears, dampening hopes for Fed rate cuts.

India's Nifty index shows resilience against potential oil price surges from the Gulf conflict. Companies within the Nifty that supply energy like coal and electricity stand to gain. Demand for these energy sources is expected to rise as alternatives to oil and gas. Conversely, smaller companies face greater impact from rising fuel costs.

Find out whether banks in India will be closed today, 28 March, which is the second Saturday of the month. Since, all banks follow a holiday schedule set by India's apex monetary institution, check RBI's holiday calendar here.

Despite external risks, India will remain the fastest-growing economy, says ex-HDFC Bank CEO Aditya Puri at Mint India Investment Summit

The Major Dhyan Chand Lifetime Achievement Award was bestowed on Zafar Iqbal, 69, who was part of the gold-winning Indian team at the 1980 Moscow Olympics

The IPL is benefiting from both youth and experience