Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...

The rupee opened flat and gained three paise against the US dollar in early trade. Dollar demand from importers was negated by a weaker dol...

Indian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these do...

Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are le...

The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director. She will now oversee foreign exchange and financial mark...

In an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...

Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...

Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682....

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of...

Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...

Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency...

India's finance ministry warns of rising crude oil prices impacting fiscal and trade balances. Persistent geopolitical tensions in West Asi...

UCO Bank plans to raise $500 million through foreign currency deposits and overseas borrowings. This move joins other lenders accessing the...

Market participants expect the reserves to rise going ahead as inflows from the foreign currency non resident bank FCNR(B) deposits start t...

In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign curren...