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EXCHANGE RATE MANAGEMENT IN INDIA
SBI Funds Management seeks Rs 2,000 crore in pre-IPO roundSBI Funds Management, India's largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO ...
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...
Food inflation projected to average 6% in FY27 amid rainfall deficit concerns: CareEdge RatingsIndia faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon defic...
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...
Japan shifts to ambush intervention tactics against yen short sellers, sources sayJapan's finance ministry is shifting tactics, abandoning public warnings about currency intervention. Officials now aim to surprise specula...
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to defaultIndia Ratings downgraded Jana Capital and Jana Holdings' NCDs to default after both entities extended debt repayments by six months due to ...
Microfinance Institutions' AUM projected to grow 20% in FY27: CrisilMicrofinance institutions are poised for significant growth, with assets under management expected to surge by 20% in FY27. This accelerati...
NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI paymentsIndia's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Pa...
Bitcoin falls to 21-month low on Strategy, rate-hike fearsBitcoin has plunged to a 21-month low, driven by anticipated interest rate hikes and worries over a major corporate buyer's shifting strate...
Rupee's defence takes RBI dollar shorts to a record highThe Reserve Bank of India's net short forward position in the currency market surged to a record $106.6 billion in May, indicating signific...
Indian economy remains exposed to energy price shocks: RBI reportIndia's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite ...
How Delta Exchange India makes crypto trading simple and affordableCrypto trading is booming in India's smaller cities, with Delta Exchange India emerging as a key player. The platform offers low fees, full...
Yen hits 40-year low as clock ticks on interventionThe Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen conti...
SBI raises $300 million under RBI's ECB swap windowState Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. Th...
Bandhan Bank CFO Rajeev Mantri resigns, to leave in SeptemberBandhan Bank's Chief Financial Officer, Rajeev Mantri, has resigned, citing career growth as his reason for departure. Mantri, who also ser...
Randstad India appoints Narayan Iyer as managing directorRandstad India has appointed Narayan Iyer as its new managing director and chair of the management council. With over three decades of expe...
RBI's dollar inflow measures buy time, but external risks remainThe Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabiliz...
Supply crunch lifts stablecoin premium above 8.5% in IndiaIndia is facing a significant shortage of stablecoins like USDT, causing its price to surge locally. This premium, usually modest, has ball...
IPO-bound NSE set to be the change in exchange gameIndia's sole listed stock exchange, BSE, faces a significant shift as rival NSE files for its own listing. NSE, dominating market share, is...
RBI nudges banks to offer better forex rates to retail customersThe Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allo...