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FOREIGN CURRENCY
RBI faces about $11 billion bill on foreign deposits planIndia's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial cost...03 Sep, 2026, 09.38 PM IST- Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources sayIndian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...03 Sep, 2026, 05.59 PM IST
- Rupee rises 14 paise to close at 94.59 against US dollarThursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against...03 Sep, 2026, 04.18 PM IST
- India bonds gain as RBI FX inflows lift liquidity, spur short-term debt buyingIndian government bonds saw gains early Thursday, led by shorter-term debt. Larger dollar inflows boosted rupee liquidity and improved sent...03 Sep, 2026, 12.38 PM IST
- GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...03 Sep, 2026, 10.03 AM IST
- Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billionIndia's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raise...03 Sep, 2026, 10.00 AM IST
- India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rallyOn Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign cu...03 Sep, 2026, 08.52 AM IST
- 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....02 Sep, 2026, 08.26 PM IST
- Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflowsIndia's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...02 Sep, 2026, 08.14 PM IST
- ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidityICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial f...02 Sep, 2026, 05.26 PM IST
- Indian banks slash FCNR deposit rates by up to 310 basis pointsIndian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of...02 Sep, 2026, 12.54 PM IST
- 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...02 Sep, 2026, 11.11 AM IST
- Iran says it has enough foreign currency despite US sanctionsIran's Central Bank Governor stated sufficient foreign currency reserves exist despite sanctions. He announced plans to inject two billion ...01 Sep, 2026, 12.16 PM IST
- Coinbase's India return: How a bespoke rupee on-ramp changes the game for foreign exchangesOperating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frame...01 Sep, 2026, 08.04 AM IST
- Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four monthsBy the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of...31 Aug, 2026, 07.00 PM IST
- At $729 billion, India's forex kitty a recordIndia's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a speci...29 Aug, 2026, 09.25 AM IST
- RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...25 Aug, 2026, 02.33 PM IST
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