Searched for
FOREIGN CURRENCY SETTLEMENT SYSTEM
Banks' credit steady at 17.7%, deposits ease to 12%: RBIBank credit growth stayed steady at 17.7% for the fortnight ended June 15, unchanged from the previous period, while deposit growth eased s...- Bitcoin, Solana or XRP? The best performing crypto asset of 2026 so farCrypto prices may have corrected sharply in 2026, but underlying trends suggest growing maturity. Institutional participation, stronger blo...
- Russia’s premier foreign policy forum "Primakov Readings" brought together 400 experts from 17 countriesMoscow hosted the 'Primakov Readings' forum, marking IMEMO's 70th anniversary. Global experts convened to discuss a 'World Without Rules: P...
- Global Market: South Korea to extend won trading to 24 hours in bid to boost global appealSouth Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is exp...
- China pledges 'unwavering support' for Pakistan's Iran-US mediation effortsChina has pledged "unwavering support" for Pakistan's crucial role in mediating peace talks between the US and Iran. Following high-level d...
- Brazil plans up to $735 million panda bond issuance, says finance ministerBrazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil...
- RBI eases forex exposure rules, giving banks more room to tradeThe Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and...
- Bank of India eyes $3.5 billion foreign currency inflows on RBI's dollar pushBank of India aims to raise approximately $3.5 billion through foreign currency deposits and overseas borrowings, leveraging recent RBI mea...
- RBI's FCNR push may boost banks' deposit growth: CrisilForeign currency deposits are poised for a boost as the RBI removes interest rate caps on certain non-resident accounts until September. Th...
- RBI clarifies FCNR(B) loan, SBLC eligibility under swap schemeIndian banks can now offer loans to non-residents and issue standby letters of credit against FCNR(B) deposits under a new RBI swap facilit...
- Nikhil Kamath sees energy transition powering next wave of opportunitiesNikhil Kamath, Zerodha co-founder, sees significant investment potential in the energy transition, citing the U.S.-Iran conflict's emphasis...
- Germany spouse visa: Who can apply, requirements, and application process explainedSpouses of German citizens and legal residents can now reunite in Germany through a streamlined spouse visa process. This long-stay visa, r...
- Bandhan Bank increases FCNR(B) deposit rates to 7.1 pc after RBI forex swap moveBandhan Bank has raised interest rates on Foreign Currency Non-Resident Bank deposits for non-resident Indian customers. US dollar deposits...
- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- Banking liquidity falls to fiscal-year low, pushes up money market ratesMoney market rates have risen as banking system liquidity dropped to its lowest this fiscal year. Advanced tax outflows caused this liquidi...
- RBI not in favour of offshore settlement for sovereign bonds: ReportIndia's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead,...
- RBI not in favour of offshore settlement for government securities, sources sayThe RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic ...
- India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiativesIndia and Sri Lanka are exploring ways to settle trade using their own currencies. This move aims to cut transaction costs and shield busin...
- India, UAE step up efforts to expand rupee-dirham tradeOver 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...
- China signs up 26 financial institutions to digital yuan cross-border payment platformThe agreement will allow participants to join the Cross-border e-CNY Transfer Services, or CBETS, an integrated cross-border settlement pla...
Load More
