Paytm share price cracks 10% after FinMin dismisses report of MDR on UPI transactions

Paytm share price in focus today: Shares of One 97 Communications, the parent company of Paytm, plunged 10% in early trade on Thursday, June 12, hitting an intraday low of ₹864.40 apiece, as investor sentiment turned sour after the Finance Ministry dismissed reports about the possible introduction of a Merchant Discount Rate (MDR).

The stock has been in the spotlight in recent months amid reports suggesting that the Indian government may consider restoring merchant charges on UPI transactions.