The Reserve Bank of India saw a significant 52% surge in foreign exchange transaction gains, reaching 1.69 trillion rupees for the fiscal y...

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...

India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...

The regulator is now considering allowing intraday borrowing for a wider set of uses, including meeting trade settlement obligations, forex...

Whenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...

The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore an...

The Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money chan...

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...

In recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...

We are in times when a statement by US President Trump can cause crude oil prices to drop sharply and another by Iran can push them back up...

The Reserve Bank of India has made a pivotal move by retracting its earlier April 1 directive, which had restricted banks from offering non...

Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI's rupee speculation clampdown, as hedges for capital from overs...

The Reserve Bank of India has issued new directives to banks. These rules aim to speed up inward cross-border payments. Customers will be n...

India's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the sp...

The Reserve Bank of India is overhauling its business correspondent system. New service points, Business Correspondent-Banking Outlets and ...

Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...

The RBI has tightened forex derivative rules after its initial intervention backfired, allowing arbitrage trades to weaken the rupee furthe...