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MULTIPLE FOREIGN EXCHANGE RATE SYSTEM
India's strong economic momentum continues despite global uncertainties, says Chief Economic AdviserIndia's economy shows strong near-term momentum, driven by domestic factors and exports. The Reserve Bank of India's deposit mobilisation o...- From Tech NAM to NAS: India’s case for tech sovereignty through strategic choicesIt is crucial for countries to embrace a non-aligned sovereignty approach in artificial intelligence, enabling them to diversify their tech...
- RBI's forex forward book swells to record $136.7 billionThe Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that dr...
- Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four monthsBy the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of...
- Short-term rates ease as banks see surge in dollar depositsLarge banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boost...
- FPIs lobby for faster access to bourses with link to serversThe proposal - put forward by persons representing large offshore funds and custodians at a recent meeting with officials of the Securities...
- India mandates IST as common time reference; gives 180-day window for complianceNew rules mandate Indian Standard Time as the single national reference. These rules will come into force 180 days after their official gaz...
- Turkey’s cheap travel reputation is being undone by high costsTurkey's tourism sector is experiencing significant price increases for visitors. This makes the country less affordable compared to previo...
- Indian bank stocks show widest exchange price gap in decadesIndian bank stocks saw unusually wide price gaps between the NSE and BSE during Thursday’s closing auction, with IndusInd Bank recording it...
- Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore AirlinesSingapore Airlines will carefully consider Air India's capital requests. The airline group evaluates investments considering its own capita...
- Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...
- Global Market: Japanese businesses turn to currency hedging as weak Yen drives up import costsJapanese businesses are increasingly turning to longer-term supplier agreements and currency hedging as the yen’s prolonged weakness raises...
- How NRIs split foreign and Indian income across NRE and NRO accountsNon-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they comm...
- The U.S. Marines bought an $11 million microwave weapon to counter fiber-optic drones; new HAVOC system follows a $5.5 million predecessor as the Corps tackles radio-silent threatsThe Marine Corps is acquiring a new microwave weapon system. This system, called HAVOC, will counter cheap and untraceable drones. It fires...
- Centre aims to cut foreign reliance in key power systems by 2029India is drawing up a roadmap to develop indigenous software and hardware for Supervisory Control and Data Acquisition (SCADA) systems used...
- RBI net absorbed $561 million in June as inflows picked upIn June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to signi...
- RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
- Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacksOn Tuesday, the U.S. dollar showed weakness against key currencies as investors reacted to new sanctions on Iran and attempts to reduce Tre...
- India amends Foreign Trade Policy for easier rupee invoicing and payments for exportersThe government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export b...
- RBI's heavy FX footprint revives memories of a tightly managed rupeeThe Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are...
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