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INDIA CENTRAL BANK FX RULES
UAE central bank imposes strict sanctions on Bank Melli Iran branchesThe UAE's central bank has prohibited Iran's Bank Melli from conducting operations in the country. This decision follows the UAE's suspensi...
As SMEs digitise and expand globally, foreign banks have a crucial role to play: DBS Bank India’s Divyesh DalalDBS Bank India is enhancing its support for SMEs with the launch of its new Collections Orchestration platform, aiming to streamline paymen...
JPMorgan to double GIFT City business as $1 billion book expandsJPMorgan Chase & Co. plans to expand its operations at Gujarat's GIFT City in the next few years. The bank aims to double its business in a...
Dollar holds near 2-month high as markets weigh rate hikes, Iran diplomacyThe dollar stands firm near a two-month high, driven by projections of interest rate hikes. In contrast, oil prices are retreating as optim...
RBI amends valuation rules for InvIT, REIT units held by all-India financial institutionsThe RBI has amended valuation norms for InvIT and REIT units held by all-India financial institutions, introducing separate provisions for ...
RBI bond sales, FX intervention help halve India's cash overhangSustained Reserve Bank of India action through bond sales, foreign exchange swaps, and rupee defence has helped more than halve the banking...
Yen squeezed as hawkish turn grips central banksThe yen weakened against a strong dollar as global central banks adopt hawkish stances. Japan's low interest rates contribute to this press...
Three SME IPOs open for subscription today: Check price band, lot size and key detailsTogether, the three IPOs aim to raise around Rs 98.53 crore. Of these, the Vivekanand Cotspin IPO is a Rs 22.20-crore book-built issue, the...
Dollar advances vs yen as BOJ dissent clouds rate-hike outlookFollowing the Bank of Japan's decision to increase interest rates, the dollar saw a rise against the yen. Some policymakers expressed skept...
Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impactThe Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalan...
HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT CityHSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through t...
Rupee seen in 94.50-96.50 range as RBI steps up interventionThe rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of India interventions have helped curb ...
RBI opts for sharp liquidity drain through $10.5 billion debt saleThe Reserve Bank of India is set to issue bonds valued at one trillion rupees to help manage surplus liquidity in the banking sector. This ...
India 10-year yield tops 7% as oil rout extends losses into fourth weekIndian government bonds dipped this week due to a spike in oil prices, alongside a decline in global debt markets significantly affecting T...
RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
Falcon launches MerlinFX AI agents to automate banking transactions in real-timeFalcon has launched MerlinFX, embedding AI agents directly into banking transaction systems. These agents automate tasks like reconciliatio...
$127 billion deposits raise new rupee risk as banks face future FX interest billsWith over $127 billion raised in overseas FX deposits since June, Indian banks are now confronting a risky situation regarding unhedged fut...