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FOREIGN EXCHANGE RATES
RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...- Rupee gains 30 paise to touch monthly highThe Indian rupee closed at 95.38 on Friday, strengthening significantly. Persistent Reserve Bank of India interventions and lower oil price...
- Canada tightens work permit rules; new hires can no longer apply before joining overseas employerCanada has updated its C20 work permit rules, requiring prior overseas employment. Foreign nationals must now be employed before arriving i...
- Global Market | A history of Japan's biggest interventions to support the yenThe Japanese yen recorded its strongest one-day gain against the U.S. dollar in nearly two years after suspected intervention by Japanese a...
- Global Market: Weak yen lifts Japan's forex reserve surplus to $31 billion in FY25Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...
- Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
- Has government scrapped Long Term Capital Gain (LTCG) tax for foreign investors? Finance Ministry repliesThe government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exempti...
- Axis, Kotak Mahindra raise charges for overseas card transactionsAxis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms...
- Rupee cushioned by state-run bank dollar offers as futures expiry bitesThe Indian rupee strengthened on Wednesday as banks sold dollars. Dollar demand from futures expiry exerted some pressure on the currency. ...
- UCO Bank plans $500-million overseas fundraiseUCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the...
- Govt companies request RBI to extend concessional forex swap by three monthsPublic sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar cost...
- Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...
- Average airfare on 72 domestic routes rose 20.5 pc in June compared to May 2025: DGCA dataIn a written reply to the Rajya Sabha, Minister of State for Civil Aviation Murlidhar Mohol said airlines' operating costs are dynamic in n...
- Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...
- AU Small Finance Bank raises NRI deposit rates by 30-60 basis pointsAU Small Finance Bank has increased its non-resident deposit rates by up to sixty basis points. The bank raised its peak interest rate on F...
- FCNR (B) vs NRE 5-year FD: Which can give higher maturity on $50,000 investment? Know currency riskFCNR(B) vs NRE currency risk: FCNR(B) and NRE deposits offer distinct investment avenues for non-resident Indians. FCNR(B) deposits provide...
- Pakistan seeks $10 billion fund from US after mediating Iran talksPakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to boost foreign reserve...
- Rupee rallies 21 paise to 96.24 against US dollar on lower oil prices and forex inflowsThe rupee strengthened by twenty-one paise, closing at ninety-six point twenty-four on Tuesday. Lower oil prices reduced demand for the US ...
- Rupee value is market-driven, has no target band against US dollar: FM SitharamanFinance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange mark...
- 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...
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