Dollar at 13-month high as rate hike bets, stock rout boost demandThe U.S. dollar surged to a 13-month high, driven by a tech stock sell-off and anticipation of Federal Reserve rate hikes. Investors are fl...
24 Jun, 2026, 07.28 AM IST
Rupee falls 6 paise to close at 94.73The Indian rupee weakened by six paise against the US dollar on Tuesday, closing at 94.73. This dip was primarily driven by a surge in the ...
24 Jun, 2026, 06.08 AM IST
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...
23 Jun, 2026, 06.53 PM IST
Rupee slips as Fed rate expectations boost dollar, dent global stocksThe Indian rupee slipped a bit on Tuesday, aligning with global movements as the U.S. dollar climbed to its highest point in a year. The do...
23 Jun, 2026, 03.41 PM IST
Rupee flat as traders mull Fed rate path, keep eyes peeled for flow cluesThe Indian rupee held steady as falling oil prices provided some relief, though traders remained cautious due to anticipated US Federal Res...
23 Jun, 2026, 12.16 PM IST
RBI sold net $8.9 billion in April, gold holdings unchangedThe Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee fr...
22 Jun, 2026, 08.14 PM IST
Warsh Fed era heralds a new trial for Asian currenciesNew Federal Reserve chief Kevin Warsh's hawkish stance on inflation has surprised markets, signaling a stronger dollar. This poses a challe...
22 Jun, 2026, 03.38 PM IST
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
22 Jun, 2026, 09.44 AM IST
Movie dialogue of the day: The Bruce Willis' ‘Die Hard’ line that turned a tense scene into an action-movie classicA single line from the 1988 action classic Die Hard, "Welcome to the party, pal!" , has become an enduring pop culture phenomenon. Bruce Wi...
21 Jun, 2026, 02.04 PM IST
South Indian Bank raises FCNR deposit rate to 6.5 pc after RBI swap windowSouth Indian Bank has boosted interest rates on US dollar deposits for Non-Resident Indians to 6.5% per annum for 3-5 year tenures. This mo...
19 Jun, 2026, 06.08 PM IST
India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12India's foreign exchange reserves saw a dip of nearly $10 billion to $671.63 billion in the week ending June 12, 2026. This decline was pri...
19 Jun, 2026, 05.07 PM IST
Rupee records strongest week in 11 as bond inflows, softer oil prices lend supportThe Indian rupee maintained steady ground against the dollar last Friday, closing almost flat. The day’s trading featured some ups and down...
19 Jun, 2026, 04.05 PM IST
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...
19 Jun, 2026, 11.15 AM IST
Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers sayThe Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forwar...
18 Jun, 2026, 01.23 PM IST
ET Alpha Wealth Summit | 'Don't think the US is the world': Devina Mehra's 3 rules for getting global investing rightIndian investors are increasingly seeking global investments. Wealth managers emphasize strategic diversification, not reactive choices. De...
17 Jun, 2026, 01.16 PM IST
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...
16 Jun, 2026, 05.55 PM IST
RBI eases investment rules for NRIs, OCIs; permits designated repatriable rupee accountsThe Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outsid...
16 Jun, 2026, 07.00 AM IST