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Revised FCNR interest rates up to 7.13%: PNB, ICICI Bank, Axis Bank and others revise ratesFCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This ...- Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India, BoB and moreSeveral Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announce...
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
- Dollar near one-week high as US-Iran tensions flare, yen nears intervention zoneThe dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a qu...
- PS5 prices up, PS Plus up, next they’ll charge $5.99 to turn on console, user says as Sony raises prices due to market conditionsSony is raising PlayStation Plus subscription costs. New prices begin May 20 for new users in some areas. Monthly and quarterly plans will ...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
- Dollar's slide may help IT add 70–300 basis points to Q1 revenuesCurrency movements are expected to boost Indian tech revenues. A falling dollar provides a tailwind for the rupee, which should increase re...
- How much will Kylian Mbappe earn with transfer to Real Madrid? Know his net worthThe star footballer has signed a 5-year contract with the Spanish club and is expected to still earn less than what he was making in his pr...
- Netflix increases subscription prices in these countries. Details hereNine million subscribers joined Netflix around the globe in the third quarter of this year despite the strike in Hollywood. Encouraged by t...
- After incurring huge losses, Spotify increases subscription feesThe company will increase its monthly subscription rate for individual plans by GBP 1 to GBP 10.99. Why this decision has been taken, know ...
- Will USD jump off the cliff or will it build new wings?Last week, central bank communications to the market caused a weaker USD and stronger EUR, GBP, and other EM currencies. The Federal Reserv...
- GBP/USD, EUR/GBP, EUR/USD look forward to statement of new UK chancellor. Details hereEUR/GBP continues to trade along the 55-day simple moving average (SMA) at £0.8649 as traders await the statement of new UK's chancellor of...
- NSE launches weekly USD-INR futures contractsThe first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts worth Rs 1,079.6 crore traded at the en...
- Spread of virus mutation keeps euro and pound under pressureAt 0802 GMT, the euro was down 0.31% at $1.2209 while the pound was losing 0.33% at $1.3422.
- NSE to launch weekly options on USD-INR on Dec 3The weekly derivatives contracts will help participants limit time-related premium costs.
- No transaction fee on cross currency derivatives trade: NSEThe move will help in direct hedging of foreign currency exposures.
- BSE to launch cross-currency derivatives, cross-rupee options on Feb 27The cross-currency derivatives contracts will be traded between 9 am and 7.30 pm.
- NSE gets Sebi's go ahead to launch cross currency derivativesThe exchange can introduce cross currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP...
- RBI allows three more cross currency pairs to be traded in derivatives marketCurrently four currency pairs are traded in futures market viz. rupee-dollar, rupee-pound, rupee-yen, and rupee-euro. Of which rupee-dollar...
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