Paytm Shares Rebound After Morning Meltdown on False UPI MDR Reports
A sharp sell-off in Paytm’s stock sent shockwaves across the market early Wednesday. But a quick and firm rebuttal from the Finance Ministry helped stem the bleeding. Shares regained some ground, though the sting of panic lingered. Earlier in the day, the digital payments giant saw its stock plunge more than 10 percent. Investors reacted to rumors that the government would start charging a merchant discount rate (MDR) on UPI…