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INDIA FOREIGN EXCHANGE
Goyal urges states to identify imported goods for domestic manufacturingCommerce Minister Piyush Goyal has called on states to identify importable products that can be manufactured competitively in India, aiming...
India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26India's foreign exchange reserves experienced a significant dip of $5.65 billion, reaching $666.93 billion by June 26, 2026. This follows a...
ICICI Bank mulls first benchmark dollar bond sale since 2017ICICI Bank is planning its first benchmark US dollar bond sale since 2017, aiming to raise at least $500 million through offshore bonds. Th...
Indians remain largest source of air tourists to Nepal in JuneIndians continue to lead foreign tourist arrivals in Nepal, with a significant 28% surge in June. This trend, driven by factors like high I...
NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR depositsBanks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...
UPI, India's epic odyssey continuesThe immediate benefit to India from the cross-border expansion of UPI is reduction in remittance costs. This is a key concern for a nation ...
NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI paymentsIndia's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Pa...
Rupee's defence takes RBI dollar shorts to a record highThe Reserve Bank of India's net short forward position in the currency market surged to a record $106.6 billion in May, indicating signific...
Industry seeks payment in rupee for domestic supplies at maiden SEZ reforms stakeholder consultationSEZ developers are urging the government to allow domestic sales in Indian Rupees, citing subdued global demand. They also proposed job wor...
Indian economy remains exposed to energy price shocks: RBI reportIndia's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite ...
Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
Leading Indian brokerages gear up to offer seamless access to global stocks via GIFT CityIndian investors can now easily buy foreign stocks like Apple and Nvidia through GIFT City, thanks to major discount brokers like Groww and...
SBI raises $300 million under RBI's ECB swap windowState Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. Th...
India's external debt rises to $762.8 billion in FY26, debt-to-GDP ratio climbsIndia's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. T...
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
RBI's dollar inflow measures buy time, but external risks remainThe Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabiliz...
Indian envoy to Shanghai discusses New Delhi-Beijing ties with Chinese scholarsIndia's Consul General in Shanghai, Pratik Mathur, engaged in significant discussions with Chinese scholars at the Shanghai Institute of In...
India's forex reserves up by $963 million to $672.58 billion as of June 19India's foreign exchange reserves saw a healthy uptick of $963 million, reaching $671.63 billion by June 19, 2026, as per RBI data. This ro...
RBI eases forex exposure rules, giving banks more room to tradeThe Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and...
FTA impact, import substitution, rupee payments at SEZ reforms panel meet June 30A government committee reviewing India’s Special Economic Zone (SEZ) policy will hold a stakeholder meeting on June 30 to examine how free ...