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FOREIGN CURRENCY ASSETS DECLINE
Rupee rises 14 paise to close at 94.59 against US dollarThursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against...
India bonds gain as RBI FX inflows lift liquidity, spur short-term debt buyingIndian government bonds saw gains early Thursday, led by shorter-term debt. Larger dollar inflows boosted rupee liquidity and improved sent...
International funds outperform domestic peers as subscriptions resume. Should investors increase global allocation?International mutual funds have outperformed domestic peers across multiple time horizons, prompting investors to reassess overseas allocat...
GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...
India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rallyOn Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign cu...
Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflowsIndia's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...
Global Market: Japan’s 3% bond yield barrier signals shift in global debt flowsJapan’s 10-year government bond yield crossing 3% is making domestic fixed-income assets increasingly attractive, raising concerns that Jap...
Japan’s JCRA upgrades India’s sovereign rating to A-, cites strong growth, financial stabilityJapan Credit Rating Agency (JCR) has upgraded India’s sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustaine...
Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid goldJewellery stocks fell after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases. The appeal, aimed at conserv...
Unless necessary, do not buy gold, reiterates PM Modi on Instagram; jewellery stocks slidePrime Minister Narendra Modi has again urged Indians to avoid buying gold unless necessary, saying greater focus on local products and self...
Coinbase's India return: How a bespoke rupee on-ramp changes the game for foreign exchangesOperating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frame...
At $729 billion, India's forex kitty a recordIndia's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a speci...
India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jumpIndia's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation'...
Lenders may turn to OFCB route to raise more funds abroadIndian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic...
Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...
Global Market: Japanese businesses turn to currency hedging as weak Yen drives up import costsJapanese businesses are increasingly turning to longer-term supplier agreements and currency hedging as the yen’s prolonged weakness raises...
Bernstein cuts PFC, REC target prices as bank competition weighs on loan growthBernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates,...
Iran’s rial plunges past 2 million per dollar as Trump unleashes ‘crushing economic operation’Iran’s rial has fallen to a record low, crossing 2 million per dollar on the unofficial market as US President Donald Trump escalates press...
India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen...