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FOREIGN EXCHANGE MANAGEMENT RULES
RBI is showing up whenever rupee weakens in intervention shiftIndia's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's inter...
Can NRIs invest in sovereign gold bonds? What the latest SGB investment rules saySovereign gold bonds: Non-Resident Indians cannot invest in Sovereign Gold Bonds currently. However, existing bondholders can continue hold...
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...
How NRIs split foreign and Indian income across NRE and NRO accountsNon-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they comm...
RBI net absorbed $561 million in June as inflows picked upIn June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to signi...
RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
India raises $73 bn in forex inflows at record paceIndia has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) ...
Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
Banks & legal eagles quietly revive foreign family officeSome large private banks and law firms are assisting Indian families with offshore family offices. These institutions are navigating regula...
India's foreign exchange reserves up almost $50 billion since JulyIndia's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantl...
Rules eased to help exporters receive payments in rupeesIndia has eased rules for rupee-based export payments, allowing exporters to invoice and receive payments in Indian currency or foreign cur...
India amends Foreign Trade Policy for easier rupee invoicing and payments for exportersThe government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export b...
India eases rules for rupee export payments, seeks to widen trade settlementIndia has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider u...
Sebi eases FPI onboarding by allowing digitally signed Power of AttorneySebi has streamlined the onboarding process for foreign portfolio investors by permitting the use of digitally signed power of attorney doc...
RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explainsRBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent cali...
Sebi bets on trading reforms to reverse foreign capital flightIndia's market regulator is poised to introduce substantial rule amendments aimed at boosting foreign investments. The planned reforms inte...
US unions sue Trump administration over new time limits on student and journalist visasUS unions and advocacy groups have sued the Trump administration to block new rules imposing fixed stay periods on foreign students, exchan...