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RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.- Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting luredThe Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interes...
- India-UK social security pact to benefit 90-95% of Indian professionals in BritainA new social security agreement between India and the UK, effective July 15, will benefit 90-95% of Indian professionals working for Indian...
- SBI revises FCNR(B) interest rates up to 5.75%: NRIs, OCIs & POIs can earn more on these depositsFCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its ...
- 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...
- 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 ...
- Dollar poised for largest weekly rise in two months as Fed hike bets increaseDollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expec...
- 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...
- The dollar is dead, long live the dollar!Wars have shaped the US dollar's global power. From financing conflicts to becoming the reserve currency, its reign was cemented by agreeme...
- The pound’s resurgence: A story of restraint, resilience & renewed confidenceAfter a decade of economic challenges, the UK is showing signs of recovery in early 2025. Factors like resilient GDP growth, robust wage in...
- GBP/USD Drops Below 1.2200 as US PPI Data Exceeds ExpectationsGBP/USD currency pair has experienced a significant decline, falling below the 1.2200 mark after the release of the U.S. Producer Price Ind...
- 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...
- 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...
- OakNorth Bank gets Rs 1,328 cr investmentIndiabulls Housing Finance (IBHFL) said founded in 2015, OakNorth Bank became profitable after just 11 months and within two years of opera...
- Interim resistance for EUR/USD around $1.3840Supported initially above $1.3800, after Thursday's bounce but loss of $1.3786 would be the catalyst for a look at tightly grouped support ...
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