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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...
Israel is tightening its grip on east Jerusalem with evictions and demolitionsPalestinian homes face demolition in East Jerusalem as Israel expands Jewish settlements. Families are displaced, losing their properties a...
Elon Musk's xAI, SpaceX hit with class action over data center 'nuisance'The lawsuit, made public on Tuesday in federal court in Oxford, Mississippi, claims Musk's companies negligently failed to curb the distu...
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...
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...
India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
Israel kills nine in Gaza as Egypt hosts new ceasefire talksIsraeli airstrikes in Gaza killed at least nine people and wounded 20, hitting a police station and a vehicle. Mediators are working to sal...
Pakistan's interior minister is in Tehran as the US downs more Iranian drones over HormuzPakistan's interior minister is in Tehran to revive Iran-U.S. negotiations. This comes as U.S. forces downed Iranian drones near the Strait...
Gas at $4: Americans cut back on discretionary spends as fuel bills mountAmericans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting ...
US weighs seizing Iranian assets to rebuild Gulf states hit by Tehran's attacksThe U.S. plans to redirect Iranian assets to Gulf states for rebuilding and repairs following recent Iranian attacks. Treasury Secretary Sc...
US strikes Iranian sites after Iran launches drones, in latest Gulf flare-upU.S. forces struck Iranian coastal radar sites after shooting down four Iranian drones targeting maritime traffic near the Strait of Hormuz...
US judge invalidates Trump policies targeting immigrants from 39 countriesA US federal judge has ruled against the Trump administration's policies. Immigrant applicants from 39 countries were unlawfully denied dec...
Rupee posts biggest daily gain in 2 months, closes at 94.94 vs USD as RBI ramps up currency defenceThe rupee gained 0.9% to end at 94.9450 per dollar, its biggest gain since April 2. Forward premiums, the cost of hedging FX exposure, pl...
Strong backing, but light touch: What is the RBI's rupee playbook?The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneo...
Rupee closes at 95.78 vs USD ahead of crucial central bank rate reviewThe Indian rupee declined for a second day ahead of the Reserve Bank of India's monetary policy review, with traders anticipating measures ...
Iran war: Hostilities flare again, talks at a stalemateWith the Gulf region witnessing a surge in missile and drone strikes aimed at Kuwait, diplomatic efforts between Iran and the U.S. hit road...
US Stock Market: Powell defends Fed autonomy as political pressure reaches new highsFormer US Federal Reserve Chair Jerome Powell strongly defended the central bank's independence. He warned that political interference coul...