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FOREIGN EXCHANGE
US expands visa social media checks to three more categories from October 1From October 1, the US will expand social media screening to I, TN and TD visa applicants, requiring foreign journalists, USMCA professiona...- FCNR(B) scheme could yield Rs 5.5 trillion notional profit for banks, RBI: SBI ResearchSBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of signif...
- India's forex reserves drop by $4.9 billionIndia's foreign exchange reserves faced a considerable downturn last week, plunging by $4.9 billion to a total of $780.7 billion. This decr...
- Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram officeThe ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 ...
- Draft note favours rupee payments for SEZ services provided domesticallyThe current provision under Section 2(z) of the Act mandates that proceeds from SEZ-to-DTA supplies of services must be realised in foreign...
- India bore USD 45 million interest as Maldives clears USD 150 million facility: MEAIndia covered approximately USD 45 million in interest payments over five years. Malé fully repaid the USD 150 million Treasury bill facili...
- India's forex reserves drop $4.92 billion to $780.78 billion as of September 11India's foreign exchange reserves saw a significant decrease of $4.92 billion. This decline brought the total reserves down to $780.78 bill...
- Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed incomeFAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore l...
- Rupee rises 16 paise to 95.73 against US dollar in early tradeThe rupee appreciated by sixteen paise against the US dollar during early trading today, a result of positive movements in local equity mar...
- Pakistan to seek bigger China swap line as $30 billion facility nears renewalPakistan plans to request an increased swap line with China upon its 2027 expiration. The nation anticipates a U.S. response regarding a pr...
- Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
- Rupee slips below 96 per dollar level in early tradeIn a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is...
- HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT CityHSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through t...
- Rupee seen in 94.50-96.50 range as RBI steps up interventionThe rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of India interventions have helped curb ...
- China urges more FX hedging to aid exportsChina's foreign exchange regulator is urging banks to implement currency hedging options for exporters. This strategy intends to protect bu...
- India's forex reserves surge $44.9 billion to record $785.7 billion, fourth largest globallyIndia's foreign-exchange reserves surged to a record $785.706 billion. This surge was driven by a dedicated dollar-mobilisation programme a...
- Rupee falls 27 paise to 95.79 against US dollar in early tradeThe rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent fore...
- Rupee slumps 38 paise to close at 95.46 against US dollarThe Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising abov...
- MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
- RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
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