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RUPEE TRANSACTION
Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...
To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfallIndia's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandem...
An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unitIndian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary fi...
HDFC Mutual Fund limits subscription in its gold ETF and FoF. What this means for investors?HDFC Mutual Fund has temporarily restricted large lump-sum investments in its Gold ETF and Gold ETF Fund of Fund amid surging gold prices a...
Exchange of old gold has risen almost 60% year-on-year, say jewellery retailersGold prices are soaring in India, prompting a surge in old gold exchanges. Consumers are trading in existing jewellery to buy new pieces. T...
Government said to weigh up to $525 million Hindustan Zinc share saleThe government is considering selling up to a 2% stake in Hindustan Zinc Ltd., a move that could raise around Rs 5,000 crore. The stake sal...
IIFL Finance nets $500 million in overseas bond salesIIFL Finance successfully raised $500 million through international dollar bonds, priced at 7.6% for a 3.25-year tenure. This marks India's...
Tokenisation could be the next big upgrade to India's market plumbingTokenisation represents financial assets as digital tokens on programmable blockchains, simplifying ownership and settlement. India's finan...
ADB, StanChart ink partnership to support Indian firms across supply chainsThe Asian Development Bank and Standard Chartered Bank have partnered to boost supply chain finance in India. Agreements include risk-shari...
ED summons TMC's Abhishek Banerjee in primary school recruitment case on June 15The Enforcement Directorate has summoned Trinamool Congress MP Abhishek Banerjee. He is asked to appear on June 15 regarding the primary sc...
GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growthIndia's GST collections hit an impressive ₹1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essent...
India, Myanmar agree to deepen trade ties, push connectivity projects and security cooperationIndia and Myanmar are embarking on a new chapter of friendship. In a recent summit, the leaders agreed to deepen ties focusing on economic ...
RBI books ₹1.69 lakh crore forex gains amid record dollar salesThe Reserve Bank of India earned ₹1.69 lakh crore from foreign exchange transactions in FY26, up 52% from the previous year, as it sold a r...
RBI to explore CBDC pilot in cross-border transactionsThe Reserve Bank of India (RBI) plans to expand its digital rupee pilot to more direct benefit transfer schemes and the domestic retail spa...
Rupee being increasingly used for imports and exports: RBI reportThe Indian Rupee's use in trade invoicing is growing. Data shows a significant rise in Rupee-based imports and exports. This trend offers p...
RBI flags US-Iran war's impact on rupee, lists measures to manage forexThe Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, th...
Reserve Bank's FY26 income gets Rs 1.69 lakh crore forex boostThe Reserve Bank of India saw a significant 52% surge in foreign exchange transaction gains, reaching 1.69 trillion rupees for the fiscal y...