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INDIA FOREIGN EXCHANGE
India, Uzbekistan step up strategic ties, seal long-term Uranium dealIndia and Uzbekistan will expand strategic cooperation in digital technology and AI. They will also enhance collaboration in outer space ex...
RBI's forex forward book swells to record $136.7 billionThe Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that dr...
20 stocks, 100% returns: How retail investors tapped a multibagger wave in deeper Indian marketRetail investors enjoyed impressive returns by picking specific stocks wisely. Over the last year, numerous companies showcased returns exc...
FPIs lobby for faster access to bourses with link to serversThe proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities...
Turkey’s cheap travel reputation is being undone by high costsTurkey's tourism sector is experiencing significant price increases for visitors. This makes the country less affordable compared to previo...
Currency hedging to add 6-8% to green project financing costs: CII-IIMA reportCurrency hedging could increase India’s green project financing costs by 6–8% annually, potentially deterring global institutional investor...
NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rulesNon-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...
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'...
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 ₹...
Ajit Doval calls on Chinese Vice President Han Zhang ahead of border talksIn a significant diplomatic encounter, National Security Advisor Ajit Doval convened with Chinese Vice President Han Zhang in Beijing to de...
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) ...
RBI's concessional swap scheme mobilises $73 bn in less than 11 weeksThe RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounti...
Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surgeCitigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allo...
India gets $72.8 billion in dollar inflows under RBI swap facilityIndia has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency b...
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...
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...
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...
Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
RBI's heavy FX footprint revives memories of a tightly managed rupeeThe Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are...