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INTERBANK DOLLAR TRANSACTIONS
RBI books ₹1.69 lakh crore forex gains amid record dollar salesThe Reserve Bank of India earned ₹1.69 lakh crore from foreign exchange transactions in FY26, up 52% from the previous year, as it sold a r...- Rupee falls 16 paise to 93.32 against US dollar in early tradeThe rupee fell 16 paise to 93.32 against the US dollar in early trade as the American currency strengthened and the Reserve Bank eased spec...
- Vedanta Resources seeks $200 million loan top-up after $350 million deal earlier this yearVedanta Resources is looking to boost its existing $350 million loan by at least $200 million. The company is in talks with Sumitomo Mitsui...
- RBI's forex war explained: How a $149 billion crackdown is stopping speculators from tanking the rupeeThe RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken the rupee furthe...
- Euro FX settlement in works at GIFT CityIndia's financial hub is looking to introduce real-time euro foreign-exchange settlements. This move aims to boost financial ties with the ...
- JPMorgan starts real-time USD settlement pilot in GIFT CityThe platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and se...
- JPMorgan to use blockchain to settle US dollar forex trades in India hubUnder the existing settlement system, it could take a few hours for the settlement to complete. Moreover, transactions are not settled on S...
- RBI eyes transparency in forex dealsCurrently, most customers — particularly, small and mid-sized companies with no sophisticated treasury and access to Reuters or Bloomberg s...
- Large banks gear up for transition from LIBOR to SOFRSOFR will likely be the new bellwether for Indian companies/banks pricing overseas money market/derivative deals or loans. That would repla...
- Rupee weakens on increased demand of dollar from importersThe rupee depreciated by 18 paise to 62.42 against the dollar in early trade today on the Interbank Foreign Exchange as the American curren...
- Rupee trims initial gains, rules steady at 59.32The rupee resumed higher at 59.27 per dollar as against the last closing level of 59.33 at the Interbank Foreign Exchange market on mild se...
- ECB announces one-week dollar loans against eurosThe European Central Bank announced on Monday one-week dollar loans against euro cash as part of its efforts to keep interbank money market...
- ECB announces 28-day swap of dollars for eurosThe European Central Bank announced on Tuesday a 28-day swap of dollars for euros as part of its exceptional efforts to get cash flowing th...
- ECB pumps 50 bn dollars back into money marketsThe European Central Bank on Tuesday pumped 50 billion dollars (37 billion euros) back into interbank money markets on Tuesday, but banks s...
- Re slumps to new low at 47.07/08The rupee slumped to its lowest level in more than five years on Friday as the strengthening of the dollar against other international curr...
- Banks go for dollar swaps for overseas businessWith money mkts freezing, some of the banks in India have bought dollars here to keep afloat operations in other countries. Buffett secrets...
- Bond yields down, rupee closes flatBond yields dipped on Tuesday, even as trading volumes were low and liquidity remained tight. Yields on the 10-year benchmark bond ended th...
- Banks set Rs 100 flat fee per forex transactionCommercial banks have reached an understanding among themselves that they will charge a flat Rs 100 for every foreign currency transaction ...
- Re falls, yields at two-week highThe foreign exchange and bond markets witnessed volatile movements on Monday, propped by global concerns and dwindling cash conditions in l...
- Clearing Corp may soon settle $ deals in IndiaSoon, banks may not need to maintain foreign currency accounts with US banks for settling dollar transactions.
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