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INDIA CURRENCY
Rupee sails past 95 to one-month high, premiums drop before RBI decisionThe Indian rupee hit a peak not seen in a month this Wednesday, thanks to lower oil prices and a dip in the U.S. dollar value. As forward p...
ETMarkets NRI Talk | Alternatives can account for up to 20% of an NRI's India allocation: Shiv GuptaFrom portfolio management services (PMS) and alternative investment funds (AIFs) to private credit, these asset classes offer the potential...
REITs, publicly-listed InvITs may get to raise foreign capital via DRsSebi proposed allowing real estate and infrastructure trusts to raise foreign capital. This move aims to broaden foreign investor access to...
Sebi proposes depository receipts against REITs, InvITs unitsIndia's markets regulator has unveiled a fresh set of regulations concerning depository receipts aimed at real estate and infrastructure in...
$100 bn in sight: India is rolling in dollars but what about the rupee?Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...
5 factors influencing how Indians choose to pay while travelling internationallyChoosing how to pay abroad can significantly affect the cost of an international trip. From forex markups and exchange rates to card accept...
Indian banks' new hunt for diaspora dollars pumps up loans marketsIndian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...
SBI, HSBC lead FCNR(B) deposit mobilisationForeign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are le...
Indian rupee ends flat as robust importer hedging blunts oil price reliefThe Indian rupee finished slightly lower at the close on Monday, pulling back from an early surge. Demand for dollars from importers and st...
SBI, HSBC and ICICI lead India's overseas deposit drive, data showsHSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion...
HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
PNB raising $1 billion for FCNR on-lendingPunjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coor...
Rupee posts strongest week since March on RBI supportThe Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support f...
RBI sold about $7 billion to defend rupee on FridayIndia's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency...
$32 billion inflows from India's forex drive yet to boost rupeeIndia's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupe...
India may see up to $85 billion in forex inflows after RBI's FCNR move: ReportIndia anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public secto...
Nepal eases post-demonetisation curbs on Indian currency; allows Rs 200, Rs 500 notesNepal's new rule facilitates Indian tourists and Nepalese nationals engaged in cross-border trade. Foreign visitors can bring up to USD 5,0...