Indian rupee gains as oil comes off; inflows, RBI intervention in focusThe Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran,...
21 Jul, 2026, 04.23 PM IST
Rupee hits two-month low despite RBI intervention as crude oil surge weighsThe Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the centr...
21 Jul, 2026, 05.45 AM IST
FCNR scheme: Withholding tax fear haunts US, Singapore NRIsNon-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...
21 Jul, 2026, 12.40 AM IST
Nearly 55.49 crore UPI users onboarded by June 2026Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 3...
20 Jul, 2026, 07.21 PM IST
IDBI Bank ups FCNR ante with 16% on offerThe scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, de...
18 Jul, 2026, 01.08 AM IST
Macros strong, but weak rains, war can hit growth: RBI Guv Sanjay MalhotraThe Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despi...
18 Jul, 2026, 01.02 AM IST
An eye for dollars: SBI brings in $1.9 billion in foreign-currency resources via special scheme, way ahead of peersState Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-ow...
17 Jul, 2026, 05.30 PM IST
Indian state-run banks estimate $30 bln flow from overseas deposit scheme, sources sayIndian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers t...
17 Jul, 2026, 12.05 PM IST
NRIs can bring USD 70-80 bn into India through FCNR deposits: ExpertNon-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...
17 Jul, 2026, 11.53 AM IST
Rupee slips 9 paise as dollar demand keeps up pressureThe rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currenc...
17 Jul, 2026, 05.46 AM IST
India, UAE central banks said to hold talks on FX deposit issuesIndia and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in...
15 Jul, 2026, 03.57 PM IST
India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: ReportIndia has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves ...
14 Jul, 2026, 02.31 PM IST
Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflowsFinance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...
14 Jul, 2026, 12.53 AM IST
FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentumFinance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...
13 Jul, 2026, 06.42 PM IST
Global headwinds to cap rupee gains through 2026: ET PollThe Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar...
13 Jul, 2026, 06.35 AM IST
Why is RBI now cutting down its $100 billion short dollar forward position; how will it impact Rupee?The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing mar...
13 Jul, 2026, 06.30 AM IST
As West Asia boils again, RBI likely to assess FCNR flowsThe Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and pote...
10 Jul, 2026, 06.32 AM IST