India and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield busin...

Over 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...

The agreement will allow participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border settlement pla...

Indian benchmark indices rebounded sharply on Friday, with the Sensex and Nifty rising nearly 2%, driven by hopes of a US-Iran peace deal, ...

Sensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Bro...

India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...

The 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...

India is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have...

India is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capita...

In a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its gove...

A confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used t...

Tokenisation represents financial assets as digital tokens on programmable blockchains, simplifying ownership and settlement. India's finan...

Reports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows In...

The RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid ...

With this, Decentro has become the first Indian payment aggregator to secure the approval. With the licence, Decentro has established an en...

Despite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and ...

The Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers p...