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MAJOR CURRENCIES
India's forex reserves drop $711 million to $681.610 billion, RBI data showsIndia's foreign exchange reserves saw a dip of $711 million, settling at $681.610 billion by June 5. This decline was primarily driven by a...- Dollar steadies on ceasefire prospects, PPI eases pressure on FedThe dollar strengthened Friday after President Trump's decision to cancel planned attacks on Iran, suggesting a potential ceasefire deal. T...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- World Bank cuts global growth forecast to 2.5%; India seen growing 6.6% amid Iran warGlobal economic growth is set to slow to 2.5% this year. The World Bank attributes this to the Iran war, which has driven up energy prices ...
- India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...
- Latest FCNR interest rates: HDFC Bank, SBI, ICICI Bank, PNB, Central Bank of India, BoB and moreSeveral Indian banks have updated their Foreign Currency Non-Resident Bank FCNR(B) interest rates. This comes after the government announce...
- Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon tiesAfter a five-year hiatus, Saudi Arabia is reopening its market to Lebanese imports, a decision that stemmed from previous drug smuggling ap...
- Dollar shaky as investors weigh rate outlook, Middle East worriesU.S. dollar weakened amid new Middle East strikes and rising consumer inflation, causing investor unease about the Federal Reserve's policy...
- Power finance cos turn to global markets for cheaper fundsIndian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made f...
- FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
- 300+ gold bars, $2 million in cash, 35 luxury watches seized from ex-CIA officer accused of running fake classified programmeA former CIA officer, David Rush, is accused of misappropriating over $40 million in gold bars by creating a fraudulent classified program....
- Analysts lift bets on India Inc after strong March quarterAnalysts have upgraded earnings estimates for a majority of NSE 500 companies following better-than-expected profit growth in the March 202...
- India eyes major bond index entry as tax exemptions sweeten appealIndia is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capita...
- Reeling rupee drags students abroad deeper into debt at homeA weakening rupee is causing significant financial strain for Indian students pursuing education abroad. Loans sanctioned earlier are now i...
- 'AI won't just moderate posts, it will curate reality': Former White House AI czar David Sacks warns against govt control of AIDavid Sacks, chair of the President's Council of Advisors on Science and Technology and former White House AI and Crypto Czar, has criticiz...
- Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas fundingThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these depos...
- RBI to bear full hedging cost on FCNR(B) depositsThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to attract more ove...
- India’s economy faces threats that currency band-aid can’t fixIndia's government and central bank have launched new measures to attract foreign investment. These steps aim to boost the rupee and bring ...
- India likely to outpace RBI growth forecasts, says World Bank's Neelkanth MishraIndia's economy is set for robust growth, exceeding Reserve Bank of India forecasts, World Bank Executive Director Neelkanth Mishra said. A...
- India gold prices soar 4.1% in May despite decline in global prices: World Gold CouncilIndian gold prices saw a notable increase in May, defying global trends. This rise occurred even as international gold prices dipped. Local...
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