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CURRENCY RESERVES
FM Sitharaman to meet PSB chiefs to review foreign currency deposit driveFinance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposi...
Forex reserves rise $7.3 billion as FCNR & ECB flows pick upThe country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest...
FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisationFinance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign cu...
India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 3...
Rupee little changed as traders tread gingerly with eye on oil, dollarThe Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw ga...
RBI faces $100 billion challenge after record currency defenseRBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward positio...
Fragile yen set for weekly decline as intervention risks mountThe yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a ...
State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...
India's US Treasury holding hits a 6-year low amid gold pushIndia's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification b...
FCNR(B) FD vs NRE FD: Where can NRIs earn more on $50,000 investment? Compare returns, currency risk and tax benefitsNon-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve relia...
How to strengthen Indian rupee without a rate hikeThe Indian Rupee has depreciated significantly against the US Dollar since early 2025. Measures were introduced to boost capital inflows an...
Dollar at week-high after US resumes attacks on IranThe dollar reached its highest weekly level against peers amid renewed U.S. strikes on Iran. Geopolitical tensions escalated, and oil price...
Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shortsOn Tuesday, the Indian rupee experienced its most significant one-day increase in three weeks, driven by heightened dollar selling activity...
Yen pinned near 40-year low in test of Tokyo's intervention resolveThe yen weakened further on Tuesday as traders pushed the currency lower. Japanese authorities have not yet intervened to support the yen's...
Rupee ends losing run on whiff of FPI flows into stocksThe Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by mode...
India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26India's foreign exchange reserves experienced a significant dip of $5.65 billion, reaching $666.93 billion by June 26, 2026. This follows a...
NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR depositsBanks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...