Tag: rbi
FCNR inflows may delay rate hikes, but banks face margin pressure: Report
New Delhi: The Reserve Bank of India‘s foreign-currency mobilisation has temporarily eased financial conditions and given the central bank more room to hold off on…
At $729 billion, forex kitty hits a record
umbai: India’s foreign exchange reserves touched a record high of $729.3 billion as of August 21, after banks stepped up the drive to mobilise NRI…
Your credit score just got more immediate
Since July 1, your credit score has been updating faster than before. If you delayed a payment last week, it may already be reflected in…
RBI board gets three new part-time directors
New Delhi: The appointments committee of the cabinet, or ACC, has approved the proposal of the Department of Financial Services in the Finance Ministry for…
India’s foreign exchange reserves up almost $50 billion since July
Kolkata: India’s foreign exchange reserves surged by nearly $50 billion since July as inflows swelled into the banks’ foreign currency non-resident bank (FCNR-B) following the…
India’s forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India’s foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of…
India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters
The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in…
I-T unearths Rs 1.29 lakh cr foreign remittances
NEW DELHI: The income tax department has uncovered a massive overseas remittance trail involving 6,422 newly identified entities that collectively sent Rs 1.29 lakh crore…
Bank holiday today: Are SBI, HDFC banks open or closed?
Banks in Tripura will remain closed today, Wednesday, August 19, 2026, on the birth anniversary of Maharaja Bir Bikram Kishore Manikya Bahadur. The holiday is…
RBI finds cash demand harder to predict as digital payments grow
Kolkata: The Reserve Bank of India is facing a challenge in predicting the future demand for currency notes as the currency in circulation has been…