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FOREIGN EXCHANGE
Siemens Q1 Results: Net profit declines 18% to Rs 343 croreSiemens Ltd reported a decline in net profit of over eighteen percent in the June quarter, largely due to fluctuating commodity prices and ...
Zero forex markup credit cards: Does it mean zero cost? Check this before your international travelPlanning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can s...
Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and pl...
After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
SGX to drop India-linked single-stock futuresThe Singapore Stock Exchange's recent decision to halt trading in single stock futures linked to Indian equities marks a pivotal shift, lik...
Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...
India's forex reserves jump $10.5 billion to over two-month high of $692.87 billion as of July 31India's foreign exchange reserves saw a significant rise of over ten billion dollars. This surge pushed the nation's reserves to their high...
Global Market: Japan reveals record $40 billion yen-buying intervention as currency pressure persistsJapan carried out its largest-ever single-day currency intervention, deploying nearly $40 billion to support the yen amid sharp depreciatio...
Rupee falls 9 paise to 95.17 against US dollar in early tradeThe rupee declined by nine paise to 95.17 against the US dollar on Thursday, reflecting tensions in global politics despite falling crude o...
No case for early closure or extension of swap window: RBIThe Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of paymen...
Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
Rupee hits one-month closing high as oil slide outweighs RBI pauseOn Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Alt...
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
REITs, publicly-listed InvITs may get to raise foreign capital via DRsSebi proposed allowing real estate and infrastructure trusts to raise foreign capital. This move aims to broaden foreign investor access to...
RBI appoints Monisha Chakraborty as executive directorThe Reserve Bank of India has appointed Monisha Chakraborty as Executive Director. She will now oversee foreign exchange and financial mark...
Yen leaps after intervention, leaving the dollar bruisedThe yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying ...
Government plans to ease forex rule for SEZ services exports to domestic tariff areasThe current provision under Section 2(z) of the SEZ Act, 2005 mandates that proceeds for SEZ to DTA supplies of services must be realised i...
Forex kitty grows $6 billion as dollar count risesIndia's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682....
India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of...
Global Market: Weak yen lifts Japan's forex reserve surplus to $31 billion in FY25Japan posted a 5.06 trillion yen ($31 billion) surplus in its special foreign exchange reserves account in FY2025, the second-highest on re...