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FOREIGN CURRENCY ASSETS FCA
Forex reserves up by $1 billion to $676 billionMarket participants expect the reserves to rise going ahead as inflows from the foreign currency non resident bank FCNR(B) deposits start t...
US hits network of Iranian financier Zanjani with more sanctionsThe United States has imposed new sanctions on nine firms and four individuals. These entities are linked to Iranian financier Babak Zanjan...
Yen heads for biggest weekly drop since May despite Tokyo's support pledgesThe Japanese yen is experiencing a dramatic drop, marking its most significant weekly decline since May. The currency has hit 40-year lows ...
India's forex reserves rise $1.08 billion to $676.237 billion in week ended July 17In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign curren...
NRI or not, 8 ways India's new foreign account tracking affects you
FAR bonds lose their pull as tailwinds fadeForeign inflows into Indian government securities have begun to slow down. This moderation follows a strong surge in June driven by index i...
Why are central banks buying more gold? Here's what it means for the global economyCentral Banks and Gold: Central banks globally are buying gold at a record pace. This trend is driven by geopolitical risks and inflation c...
Rupee falls 11 paise to 96.36 against US dollar in early tradeThe rupee fell eleven paise to 96.36 against the US dollar on Wednesday. Crude oil prices climbed due to geopolitical tensions and shipping...
Rupee rebound bets vanish as soaring crude blunts inflowsWhat makes the Indian currency more vulnerable than some of its Asian peers is the country’s reliance on imported energy and its ripple eff...
Punjab & Sind Bank eyes Rs 4 lakh cr business by FY29: Lender bets big on technology transformationPunjab & Sind Bank is setting ambitious goals, aiming for a staggering ₹4 lakh crore in business by the fiscal year 2028-29. The bank proje...
INR exchange rate while filing ITR to report foreign assets: Use this reference rate to convert foreign currency into INR as prescribed under income tax rulesIndian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indi...
Institutional investments in India's real estate sector reaches $1.9 billion in Q2 2026Institutional real estate investments in India reached USD 1.9 billion during Q2 2026. Office assets attracted nearly USD 1 billion, domina...
India’s private lenders bet on corporate loan revival for growthIndian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borro...
South Korea to expand use of won-denominated bonds for foreign investorsSouth Korea has announced plans to enhance global acceptance of its currency by allowing foreign financial institutions to borrow won. Addi...
An eye for dollars: SBI brings in $1.9 billion in foreign-currency resources via special scheme, way ahead of peersState Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-ow...
Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...
India's US Treasury holding hits a 6-year low amid gold pushIndia's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification b...