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RBI REPLACING PAPER CURRENCY
RBI move sparks race among banks to raise FCNR(B) deposit rates; smaller lenders offer over 7% on USD depositsBanks are aggressively increasing interest rates on NRI dollar deposits. This move follows a special RBI dispensation to boost foreign curr...12 Jun, 2026, 12.29 PM IST- Top AI tools for research writing: how researchers can find sources, analyse papers, and write fasterDiscover the top 5 AI tools for research writing in 2026, including Perplexity AI, Elicit, Consensus, ChatGPT, and Zotero. Learn how these ...12 Jun, 2026, 11.33 AM IST
- RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India RatingsNew measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx ...10 Jun, 2026, 05.46 PM IST
- Some lenders hike rates on FX deposits for non-resident IndiansIndian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 35...10 Jun, 2026, 02.28 PM IST
- Is RBI replacing paper currency with plastic notes from June 30, 2026? Check detailsViral social media claims about the Reserve Bank of India replacing paper currency with plastic notes by June 30, 2026, are false. The Pres...10 Jun, 2026, 02.06 PM IST
- India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...10 Jun, 2026, 01.26 PM IST
- Bank stocks rally as RBI steps lift mood, trigger short coveringOn Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency...10 Jun, 2026, 07.14 AM IST
- In 1907, a paper company trying to salvage a shipment of tissue sent out stronger sheets, which led to the creation of paper towelsIn 1907, what began as a manufacturing mishap morphed into the revolutionary invention of paper towels. The unexpected resilience of tissue...09 Jun, 2026, 05.31 PM IST
- From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...09 Jun, 2026, 05.20 PM IST
- RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...09 Jun, 2026, 10.45 AM IST
- RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...09 Jun, 2026, 12.31 AM IST
- RBI exempts bank swap deals from net unhedged FX exposure normBanks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight forei...08 Jun, 2026, 10.05 PM IST
- RBI offers concessional swaps for PSUs, NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include offering special swap facilities to encourage state-o...08 Jun, 2026, 09.47 PM IST
- RBI ramped rupee defense to record before government bazookaThe Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This sig...08 Jun, 2026, 04.44 PM IST
- Stable home loan interest rate to sustain housing demand: Industry bodies CREDAI, NAREDCOThe RBI has kept the repo rate steady at 5.25 percent. Real estate industry bodies CREDAI and NAREDCO welcomed this move on Friday. They be...05 Jun, 2026, 04.37 PM IST
- Capital gains relief for FPIs on G-secs a 'very helpful measure', but bond yields may not go down soon: Rama Mohan Rao Amara, SBIState Bank of India Managing Director Rama Mohan Rao Amara welcomes the government's move to exempt foreign investors from capital gains ta...05 Jun, 2026, 01.18 PM IST
- Reliance traders said to game plan in case RBI raises ratesReliance Industries' treasury department is exploring strategies to manage its cash reserves amid potential interest rate hikes by the Rese...04 Jun, 2026, 03.02 PM IST
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