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CURRENCY FEATURES
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...13 Jun, 2026, 11.32 AM IST- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...13 Jun, 2026, 12.34 AM IST
- Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...11 Jun, 2026, 09.02 PM IST
- India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...11 Jun, 2026, 05.48 PM IST
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...10 Jun, 2026, 05.21 PM IST
- Rippl launches a social recommendation platform to redefine trust-led discoveryIndian startup Rippl has launched a trust-first social commerce platform to combat the growing 'trust deficit' online. The platform enables...09 Jun, 2026, 04.27 PM IST
- Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...09 Jun, 2026, 09.21 AM IST
- R Gandhi calls RBI policy 'on expected lines', sees no immediate rate hike risksThe Reserve Bank of India has maintained its neutral policy stance and kept interest rates steady. The central bank has adjusted its foreca...05 Jun, 2026, 02.13 PM IST
- India’s domestic growth story still strong despite global headwinds: Rajeev AgrawalGlobal markets face uncertainty. Rajeev Agrawal from DoorDarshi India Fund sees India's economy as resilient. He focuses on domestic busine...02 Jun, 2026, 11.49 AM IST
- Indian travellers worry more about forex costs than visa queues: ReportIndian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many s...02 Jun, 2026, 07.00 AM IST
- Retail central bank digital currency in circulation falls by 24% in FY26The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent in 2025-26. Despite this, the Rese...29 May, 2026, 09.09 PM IST
- RBI’s currency printing cost falls 23.5% in FY26 despite rise in cash circulationReserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation ...29 May, 2026, 03.27 PM IST
- Fake Rs 500 notes surge 20% as counterfeits rise across banking systemFake currency detection in India increased in 2025-26. The Rs 500 note became the primary target for counterfeiters, showing a significant ...29 May, 2026, 03.06 PM IST
- RBI highlights strong banking sector health, says lenders can withstand severe shocksIn the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid...29 May, 2026, 12.22 PM IST
- US Treasury prepares mock-up of $250 note with Trump portraitUS Treasury Secretary Scott Bessent revealed mock-ups for a proposed $250 note featuring President Donald Trump, pending Congressional appr...29 May, 2026, 07.07 AM IST
- Trump's face could appear on US $250 billA proposal to feature Donald Trump on a new $250 bill for America’s 250th anniversary is under discussion, raising legal and political conc...29 May, 2026, 12.42 AM IST
- Treasury officials moot $250 note featuring Trump: ReportAmerica may soon see a USD 250 currency note with President Donald Trump's portrait. This move requires a new law from Congress. Officials ...28 May, 2026, 08.13 PM IST
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