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FOREIGN CURRENCY NOTES
Rupee sees sharpest weekly drop in four months on oil worriesThis week saw the Indian rupee tumble more than one percent against the dollar, primarily influenced by surging oil prices. Central bank in...- Earning in dollars doesn’t make NRIs better investors: Currency advantage alone isn’t enoughFor NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing p...
- Why is market falling today? War woes, oil spike and 4 other factors behind Rs 5 lakh cr D-Street routIndian stock markets tumbled significantly on Friday, with benchmark indices Sensex and Nifty recording considerable dips. The sharp surge ...
- Canara Bank eyes $2 billion via overseas bondsCanara Bank intends to raise two billion dollars from international markets. This significant funding will be secured through its medium te...
- NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rulesFor NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the...
- MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
- Global Market: Yen carry trade under pressure as currency surge raises unwind fearsJapan's yen has reached a seven-month high, impacting global financial markets. Investors are reassessing the yen carry trade strategy due ...
- RBI may not need immediate CRR hike as liquidity surplus likely to moderate: UBI ReportThe Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidit...
- Russia reveals India's big asks ahead of Modi-Putin meet: Su-57 tech, nuclear plants and moreAt the BRICS Summit, Prime Minister Narendra Modi will have a significant meeting with President Vladimir Putin of Russia. The agenda inclu...
- RBL, BoM eye dollar bonds to refinance FCNR fundingRBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans ac...
- RBL Bank to raise up to USD 1 bn from overseas investorsRBL Bank's board has given the green light to raise up to one billion US dollars from foreign investors via a Euro Medium Term Note Program...
- Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers sayCanara Bank and Bank of Maharashtra will raise $500 million each through dollar bonds. These lenders will issue three-year or five-year pap...
- Bumper FCNR(B) inflows may dilute banks' margins but boost earnings by up to Rs 11,000 crore: JefferiesThe FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-t...
- FCNR flows to complicate liquidity management, lead RBI to deploy more tools: EconomistsHigher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a f...
- India's bank liquidity surplus hits all-time high riding flood of dollar depositsIndia’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in Septe...
- Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
- RBI backstop keeps Indian rupee stable, blunting importer dollar demand impactThe Indian rupee showed little movement on Wednesday, hovering in a narrow range. Support from the Reserve Bank of India helped mitigate th...
- Global Market: Japan’s 3% bond yield barrier signals shift in global debt flowsJapan’s 10-year government bond yield crossing 3% is making domestic fixed-income assets increasingly attractive, raising concerns that Jap...
- Japan’s JCRA upgrades India’s sovereign rating to A-, cites strong growth, financial stabilityJapan Credit Rating Agency (JCR) has upgraded India’s sovereign rating by one notch to A- from BBB+, with a Stable outlook, citing sustaine...
- US debt hits $40 trillion. Here’s how Washington has tackled funding crises beforeAmerica has historically faced significant debt challenges and devised new funding methods. During the Civil War, new buyers were created f...
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