Finance News

Outward LRS remittances rise 3.6% to $2.39 billion in May 2026: RBI

Higher overseas investments and deposit-related remittances lifted outward LRS flows in May, although spending on travel and overseas education declined

Foreign banks exhibit strongest rate transmission: RBI Bulletin

Foreign banks led the transmission of RBI's rate cuts, reducing lending and deposit rates more sharply than public and private sector peers, the central bank's bulletin said

Rupee falls 11 paise to 96.36 against US dollar during early trade

At the interbank foreign exchange market the rupee opened at 96.36, registering a fall of 11 paise from its previous close

RBI proposes easier FDI compliance regime, seeks public comments

Regulator proposes greater operational flexibility

Strong early response to swap window fuels $70 billion inflows hope

Foreign banks appear to have driven the early success of the RBI's swap scheme, say experts

Robust forex inflows lift rupee as lower crude prices boost sentiment

The rupee recovered from a five-session decline as easing crude oil prices and stronger-than-expected foreign exchange inflows under RBI measures supported sentiment

No further dilution by SBI in SBI Funds Management: Chairman C S Setty

SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574

Bandhan Bank's Q1 profit up 35% on lower provisions, asset quality improves

Bandhan Bank reported a 35 per cent rise in Q1FY27 net profit, helped by lower provisions, while advances grew 16.4 per cent and gross as well as net NPAs declined

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

Rupee falls 6 paise to 96.42 against US dollar during early trade

At the interbank foreign exchange market, the rupee opened at 96.41 then touched 96.42 registering a fall of 6 paise from its previous close

Soon, tap & pay offline via UPI: To work where internet isn't available

This opens up use-cases such as payments on flights and underground trains

India's outward FDI falls 47.9% to $3 billion in June: RBI data

India's outward FDI commitments fell 47.9 per cent year-on-year to $3 billion in June as equity, debt and guarantee commitments declined, according to RBI data

Forex inflows from concessional swap scheme at $20.72 bn till July 17: RBI

The RBI said inflows under its concessional swap schemes reached $20.72 billion till July 17, led by FCNR(B) deposits, while India's outward FDI fell nearly 48 per cent in June

No proposal under consideration to scrap LTCG on equities: Finance ministry

The finance ministry said capital gains tax rates and other tax policies are periodically reassessed during the annual Budget exercise and through legislative changes, based on prevailing macroeconomi

RBI intervenes to support rupee as it nears record low on oil price surge

The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said

Rupee falls 12 paise to 96.42 against US dollar during early trade

At the interbank foreign exchange, the rupee opened lower at 96.53 against the previous close of 96.30 to dollar

Banks pare FCNR (B) inflow expectations amid leverage and tax hurdles

Banks expect strong NRI interest in RBI's FCNR(B) scheme but say leverage limits, overseas regulations and tax issues could curb fund mobilisation

IDBI employees' forum opposes stake sale to Fairfax, seeks review

The employees' forum urged the government to disclose the strategic sale proposal, preserve public ownership of IDBI Bank and hold a parliamentary discussion before any decision

RBI's currency printing arm invites bids for polymer note material

The move marks India's first formal procurement step towards polymer banknotes, though the Reserve Bank of India has not announced denominations or a timeline for their introduction

RBI issues consolidated norms for Special Rupee Vostro Accounts and trade

The central bank has merged instructions issued since 2022 into a single circular, retaining the framework for rupee-denominated settlement of cross-border trade transactions