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CURRENCY EXCHANGE RATES
Dollar falls on surprise drop in US retail salesIn July, US retail sales surprisingly took a dip, leading to a decline in the dollar's value. This drop enabled the euro and sterling to so...- RBI to close FCNR(B) swaps a month earlier due to gushThe Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows....
- RBI shortens FCNR (B) deposit swap window to Aug 31The Reserve Bank of India has shortened the swap facility window for FCNR(B) deposits. This decision comes after observing higher-than-expe...
- New Development Bank plans $7.5 billion funding to deepen rupee lendingThe New Development Bank is set to invest $7.5 billion in India, focusing on local currency financing aimed at strengthening emerging econo...
- FCNR (B) FDs offering up to 7.50% interest rate to NRIs, OCIs: These banks offer 6.25% or higher on depositsFCNR (B) interest rate: Government backing for FCNR (B) deposits greatly boosts returns for investors. Presently, banks are providing entic...
- The hidden economics of international spendingThe expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can signif...
- Global Market: Taiwan dollar surges to one-month high as foreign flows boost currencyTaiwandollar surged 0.5% to a one-month high as foreign investors poured funds intolocal equities. The move reflects stronger capital inflo...
- Global Market: Japan’s yen intervention puts BOJ in spotlight over rate hike pathJapan’s coordinated yen-buying intervention with the U.S. and South Korea has heightened expectations of faster Bank of Japan rate hikes. M...
- Yen's slide to weekly loss prompts bets for another interventionThe Japanese yen is facing its steepest drop in three months, prompting traders to expect more government action to support its value. Key ...
- Rupee holds steady at 95.44 amidst RBI interventionThe Indian rupee remained stable on Thursday, closing near its previous level. Dollar sales by the Reserve Bank of India kept the local uni...
- Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full storyFCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging st...
- Dollar treads water as Fed hike bets pared on benign US inflationThe dollar's advance stalled on Thursday after benign U.S. inflation data emerged. Traders pared back bets for a near-term Federal Reserve ...
- Banks continue to garner FCNR deposits at a brisk paceIndian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial fore...
- Zero forex markup credit cards: Does it mean zero cost? Check this before your international travelPlanning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can s...
- US defends dollar as yen weakness threatens global currency orderThe US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...
- The hidden financial curriculum of studying abroadIndian families often overlook financial planning while preparing for overseas education, despite its high cost. Early forex planning, comp...
- Global Market |Bank of Japan signals vigilance on Yen weakness, keeps door open for rate hikesThe Bank of Japan monitors yen weakness closely, with Governor Kazuo Ueda highlighting its impact on import costs and inflation. While shor...
- After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
- Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
- Yen leaps after intervention, leaving the dollar bruisedThe yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying ...
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