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RECORD LOW CURRENCY INDIA
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
- Banks court wealthy Indian diaspora in $50 billion deposit driveIndian banks are launching a global campaign to attract over $50 billion in deposits from the diaspora. This initiative aims to strengthen ...
- Rupee rallies as oil slump sparks unwinding of dollar longsThe Indian rupee experienced a robust uptick against the dollar on Friday, sparked by newfound optimism regarding peace talks between the U...
- Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
- Asia’s currency fight moves offshore as central banks push backAsian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dol...
- Some lenders hike rates on FX deposits for non-resident IndiansIndian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 35...
- Banks pay 7% on dollar deposits as India seeks fresh foreign currencyIndian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new ...
- Is RBI replacing paper currency with plastic notes from June 30, 2026? Check detailsViral social media claims about the Reserve Bank of India replacing paper currency with plastic notes by June 30, 2026, are false. The Pres...
- Rupee to average around 96/USD in FY27; risks from oil, dollar persist: Motilal OswalThe Indian rupee is projected to average around 96 against the US dollar in FY27. However, this outlook faces potential challenges includin...
- Analysts see RBI measures steadying rupee, push back depreciation forecastsThe Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts...
- RBI ramped rupee defense to record before government bazookaThe Reserve Bank of India has reached a record $110-$115 billion in its net-short dollar book, a key tool for defending the rupee. This sig...
- Gold price target prediction: What could be likely gold rate throughout 2026?Gold rate: Three main factors stand out, namely increased central bank purchases, strong retail demand by the top two buyers China and Indi...
- Rupee in rhapsody, passes 95 vs USD level at closeOn Friday, the Indian Rupee made impressive gains, climbing 84 paise against the US Dollar. This upward momentum came after the Reserve Ban...
- Rupee posts biggest daily gain in 2 months, closes at 94.94 vs USD as RBI ramps up currency defenceThe rupee gained 0.9% to end at 94.9450 per dollar, its biggest gain since April 2. Forward premiums, the cost of hedging FX exposure, pl...
- Currency, bond markets await RBI cues from MPC meetThe Indian rupee and benchmark bond yields traded narrowly on Thursday ahead of Friday's policy rate decision and potential currency suppor...
- Rupee closes at 95.78 vs USD ahead of crucial central bank rate reviewThe Indian rupee declined for a second day ahead of the Reserve Bank of India's monetary policy review, with traders anticipating measures ...
- The rupee warning: Six actions for business leadersThe Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of fore...
- Govt weighs tax cuts to boost foreign bond inflows: ReportIndia is set to boost foreign investment soon. The government plans to cut taxes on global funds investing in Indian bonds. Ownership limit...
- Rupee could fall to 98/USD by July amid energy crisis, BofA Securities exec saysThe Indian rupee faces a potential record low of 98 against the dollar by July due to the Middle East energy shock, impacting domestic asse...
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