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MULTIPLE FOREIGN EXCHANGE RATE SYSTEM
MCA plans unified digital platform for insolvency ecosystem, seeks stakeholders’ inputsThe Ministry of Corporate Affairs has proposed creating a unified digital platform for India's insolvency ecosystem to speed up the resolut...- Rupee value is market-driven, has no target band against US dollar: FM SitharamanFinance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange mark...
- RBI issues draft for future-ready rules related to foreign investmentsThe Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. I...
- INR exchange rate while filing ITR to report foreign assets: Use this reference rate to convert foreign currency into INR as prescribed under income tax rulesIndian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indi...
- Bangladesh Army Chief visits Turkiye amid growing Ankara-Islamabad-Dhaka defence nexusBangladesh Army chief General Waker-Uz-Zaman is visiting Turkiye to enhance military training partnerships. He is exploring local military ...
- Techie, who once paid Rs 1 crore tax, breaks down on X after lay off: ‘Thank you…’A tech professional recently took to X to lament the country’s pitiable social security system. He said that even though, once he paid Rs 1...
- L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals businessLarsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sec...
- Government launches White Rabbit tech network to secure Indian Standard TimeThe system disseminates Indian Standard Time, traceable to the national time-keeping authority UTC (NPLI), using Precision Time Protocol-ba...
- India's forex reserves rise $964 million to $675.16 billion for week ended July 10India's foreign exchange reserves increased by $964 million to $675.16 billion. Foreign currency assets, the largest component, grew by $93...
- Saudi Arabia rolls over $3 billion loan to Pakistan: ReportSaudi Arabia has rolled over its USD 3 billion debt to Pakistan. Pakistan's finance minister confirmed the debt rollover was completed. The...
- Indian state-run banks estimate $30 bln flow from overseas deposit scheme, sources sayIndian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers t...
- NRIs can bring USD 70-80 bn into India through FCNR deposits: ExpertNon-Resident Indians can bring seventy to eighty billion US dollars into India. This inflow is possible through the ongoing FCNR initiative...
- "Paper leaks, price rise, corruption among issues will be raised in Monsoon Session": Congress president KhargeCongress President and Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge, on Thursday said the party will hold the PM Narendra Mo...
- NSE receives approval to launch derivatives on the Nifty India FPI 150 IndexThe National Stock Exchange received approval to launch derivatives on the Nifty India FPI 150 Index. These new contracts will be available...
- Rupee slips 6 paise to 96.31 against US dollar in early tradeThe rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflo...
- Japan PM Takaichi says draft economic blueprint not cause of bond market routJapanese Prime Minister Sanae Takaichi believes that there's no connection between her administration's economic plan and the ongoing fluct...
- India, UAE central banks said to hold talks on FX deposit issuesIndia and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in...
- Japan PM Takaichi says draft economic blueprint not cause of bond market routJapanese Prime Minister Sanae Takaichi stated no connection exists between the economic blueprint and market volatility. She noted interest...
- A $2.5 billion FII buying has domestic investors asking: Is foreign money shifting to India?Foreign investors bought Indian equities in July after significant selling periods. This return follows easing geopolitical concerns and im...
- India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 3...
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