Mumbai, Sept. 16 -- GIFT Nifty:

GIFT Nifty September 2026 futures were up 31.50 points, indicating a mildly positive start for the Nifty 50.

India's Unified Payments Interface (UPI) will roll out a targeted Merchant Discount Rate (MDR) regime effective 15 October 2026, ending a years-long blanket zero-MDR policy to build a self-sustaining funding base for network infrastructure, cybersecurity, and platform scalability. Under the new guidelines notified by the National Payments Corporation of India (NPCI) and the Reserve Bank of India, a standard 0.4% MDR-capped at Rs 300 for high-ticket purchases-will apply strictly to commercial person-to-merchant (P2M) payments above Rs 2,000, while essential utilities and fuel will draw a flat Rs 5 f...