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LOCAL CURRENCIES
India eases rules for rupee export payments, seeks to widen trade settlementIndia has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider u...- Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
- Indian Bank raises $400 million for four yearsIndian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping glo...
- Oil pain pins India bonds in range; RBI minutes to give next cueIndian government bonds showed little movement on Wednesday, trading in a tight range. The increase in oil prices countered support drawn f...
- India stocks top Indonesia as Asia’s least-favoured in BofA pollIndia has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondent...
- Axis Bank to revise credit card rules from August 28, 2026: Late payment fee, dynamic currency markup, reward point rule changes and moreAxis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 2026. Notably, the markup for dynami...
- Rupee ends marginally lower as central bank shields from oil, yield strainThe Indian rupee experienced a minor decline on Tuesday, with speculation that the Reserve Bank of India intervened to bolster its position...
- Rupee slide chips away at ISM outlayA weak rupee is causing what analysts and industry insiders estimate to be a “net double-digit cost overrun” for businesses relying on impo...
- Yes Bank makes bond market comeback years after AT1 write-offYes Bank is preparing its first dollar bond issuance since its 2020 AT1 debt write-off, planning a benchmark-sized three-year note. The mov...
- From kirana to currency: Small towns are scrambling for dollarsSmall towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle ...
- Emerging markets defy global shocks as investors return to local assetsEmerging markets are seeing renewed investor interest despite geopolitical tensions, trade risks and AI-driven volatility, with debt attrac...
- ET Analysis: RBI’s FCNR U-turn dents policy certaintyThe RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 bil...
- NRI life insurance protection plans can be 50–60% cheaper in India: Should you buy here or in your country of residence?NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident ...
- Rupee faces pressure as RBI defends 95.45 against dollar amid rising crude oil pricesThe Reserve Bank of India is defending the rupee at 95.45 against the dollar. Traders are closely watching crude oil prices amid West Asia ...
- Bonds face a bigger threat than the Fed as global rates climbAs central banks worldwide, notably in Japan, Canada, and the euro zone, signal plans for sharper interest rate increases than the US, glob...
- New Development Bank plans $7.5 billion funding to deepen rupee lendingThe New Development Bank is set to invest $7.5 billion in India, focusing on local currency financing aimed at strengthening emerging econo...
- Police arrest five people printing fake Rs 500 notes out of a private bungalow in MaharashtraPolice busted a counterfeit currency unit in Nashik, arresting five alleged gang members. Specialized chemicals were allegedly used to manu...
- Rupee holds steady at 95.44 amidst RBI interventionThe Indian rupee remained stable on Thursday, closing near its previous level. Dollar sales by the Reserve Bank of India kept the local uni...
- Geographic base of forex demand in India expanding, 47% demand from Tier 1 cities: Thomas CookBased on transaction data for April 2025 to March 2026, the report highlighted an increasingly diversified forex market driven by rising ou...
- French lender's India treasurer pegs rupee floor near 'fair value' of 96 per dollarThe Indian rupee is poised for stability against the dollar throughout this financial year. Initiatives to entice dollar investments and a ...
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