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MULTIPLE FOREIGN EXCHANGE RATE SYSTEM
US defends dollar as yen weakness threatens global currency orderThe US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...
US revokes 175,000-plus visas under Trump as State Department steps up vettingThe US State Department said most visa revocations followed law enforcement encounters involving assault, drunk driving, theft, drug offenc...
Indian diaspora could be UPI’s ticket to the global payments mapNPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could...
Global Market |Bank of Japan signals vigilance on Yen weakness, keeps door open for rate hikesThe Bank of Japan monitors yen weakness closely, with Governor Kazuo Ueda highlighting its impact on import costs and inflation. While shor...
After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
Govt extends ED Director Rahul Navin's tenure beyond August 13Enforcement Directorate Director Rahul Navin's tenure has been extended by one year. This extension will keep him in his role until August ...
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing ...
Faster AIF schemes to corporate bonds tokenisation: What Sebi annual report tells about its next movesSebi will introduce fast-track Alternative Investment Fund launches, a single-window clearance system and the Sebi Setu portal to ease comp...
Liquidity to peak in Sept, but big surplus won't last long: RBIThe Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher curre...
Lower real interest rates have not hurt deposit growth in India: SBI ResearchDeposit growth in India improved despite declining real interest rates, according to an SBI Ecowrap report. The report noted that deposit m...
Rupee hits one-month closing high as oil slide outweighs RBI pauseOn Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Alt...
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
SBI, HSBC lead FCNR(B) deposit mobilisationForeign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are le...
RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
Yen leaps after intervention, leaving the dollar bruisedThe yen surged significantly after authorities intervened in foreign exchange markets. This intervention followed a substantial yen-buying ...
Rupee gains 30 paise to touch monthly highThe Indian rupee closed at 95.38 on Friday, strengthening significantly. Persistent Reserve Bank of India interventions and lower oil price...