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HISTORICAL FACTS: 14 | History Defined

ETMarkets NRI Talk | RBI's FCNR(B) reforms could bring in over $20 billion of foreign inflows: Keyur Majmudar

He also shares why India deserves a place in every diversified global portfolio, the structural themes that could drive wealth creation over the next decade, and the role alternative investments can play in strengthening NRI portfolios.

The Economic Times

Taxation laws amendment bill: Government proposes simplified exemption framework for offshore funds

A bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offered for global income of funds. Foreign companies storing electronic components will also get exemptions. These measures will boost India's position as an investment hub.

The Economic Times

RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupee

In an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover substantial written-off loans. The SWAMIH Fund has been effective in funding 147 projects, benefitting many home buyers. Interestingly, defaults on gold loans have plummeted for both…

The Economic Times

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Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facility

Banks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks amounted to Rs 489 crore as of June 2026. Near-universal banking coverage has been achieved, serving most inhabited villages with banking outlets. Over 58.77 crore PMJDY accounts hold substantial balances,…

The Economic Times

India bonds end flat as oil drop offsets index setback

On Monday, Indian government bonds experienced a flat close following a day of volatility. A sharp decline in oil prices provided some respite after Bloomberg's recent decisions. The benchmark bond yield remained unchanged as traders adopted a cautious stance, awaiting the Reserve Bank of India's upcoming policy announcement this week.…

The Economic Times

EbixCash World Money's perpetual RBI licence brings trade and family remittances within reach of millions

Under RBI's revised FEMA framework, EbixCash World Money can now move trade payments up to ₹25 lakh and family maintenance remittances, opening a direct, bank-free payments channel for India's MSME economy.

The Economic Times

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign currency inflows, the scheme helped banks attract $36.7 billion. FCNR(B) deposits surged to $60.55 billion…

The Economic Times

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$100 bn in sight: India is rolling in dollars but what about the rupee?

Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) deposits, with economists projecting inflows could reach $100 billion. The programme is aimed at strengthening India's external defences and ensuring dollar liquidity during global volatility, rather than boosting the…

The Economic Times

Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?

Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities. Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through…

The Economic Times

HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check details

HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.

The Economic Times

RBI provides banks greater flexibility to determine bulk deposit interest rates; changes effective from October 1, 2026

New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in setting interest rates for bulk deposits of three crore rupees and above. These institutions must now publish bulk deposit rates on their websites daily by ten AM.

The Economic Times

RBI MPC begins today as policymakers weigh inflation, crude risks

The Reserve Bank of India's Monetary Policy Committee begins its meeting this week. Market participants widely expect the benchmark repo rate to remain unchanged. Experts believe the central bank will focus on domestic inflation and growth. Global uncertainties and elevated crude oil prices are closely monitored. Future policy decisions will…

The Economic Times

D-St poised for a positive start as GIFT Nifty trades firmly higher

Domestic markets extended their winning streak for a third consecutive session. Nifty advanced nearly two percent last week, driven by strong quarterly earnings. Analysts expect Indian equities to trade with a positive bias this week. Investors will monitor the RBI's monetary policy decision and PMI data. Crude oil prices and…

The Economic Times

Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correction

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns with the need to support economic growth. External factors are largely blamed for India's current economic challenges. The RBI's actions and communication are crucial for market stability. Greater dissent…

The Economic Times

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The Economic Times

RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists

The Reserve Bank of India will likely maintain its benchmark repo rate unchanged this August. Elevated inflation risks and the FCNR(B) deposit scheme closure influence this decision. The central bank will adopt a hawkish tone while monitoring monsoon progress and global factors. Most economists anticipate future rate hikes if inflationary…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

The Indian stock market rallied around 3% over the last week, recouping its early losses despite global volatility. Analysts expect the market's direction in the coming week to hinge on the RBI MPC meeting outcome, oil prices, corporate earnings and other key domestic and global cues.

The Economic Times

Will Nifty, Sensex extend gains on Monday? 6 factors which will drive D-Street action this week

Indian stock market is expected to extend recent gains this week. The Reserve Bank of India's policy decision will significantly influence market direction. Geopolitical tensions in the Middle East and fluctuating oil prices remain key concerns. Foreign institutional investors are showing renewed interest in Indian equities. Corporate earnings announcements will…

The Economic Times

SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking details

A consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised online banking transaction. The commission ruled that the bank failed to prove any negligence on the customer's part and also ordered SBI to pay Rs…

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The Economic Times

RBI likely to hold repo rate at 5.25%, market to focus on policy guidance: Nuvama

The Reserve Bank of India will likely keep its repo rate unchanged at 5.25 percent. Policymakers are expected to adopt a cautious wait-and-watch approach for now. Inflation risks remain elevated due to supply chain and oil price concerns. Financial conditions have tightened, reducing the immediate need for rate action.

The Economic Times

RBI's FCNR, forex schemes draw $40.81 billion in inflows so far

Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in foreign exchange influx, of which $36.7 billion derived from Foreign Currency Non-Resident deposits. Support also came through swap facilities for External Commercial…

The Economic Times

Indian companies are about to raise prices, putting RBI's inflation outlook to test

Indian companies are preparing for price increases on various products soon as commodity costs rise due to ongoing global conflicts. Consumers can expect higher prices for everyday items ranging from toothpaste to tires. Demand is expected to remain stable during the upcoming festival season. Policymakers are closely monitoring inflation pressures…

The Economic Times

RBI asks banks to install fake currency detection machines at branches along international borders

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims…

The Economic Times

India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of July 24. Previously, reserves had grown by $1.08 billion in the preceding week. Earlier this year, reserves reached a record high of $728.494 billion. However, reserves declined due…

The Economic Times

Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understand

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home…

The Economic Times

Rupee posts strongest week since March on RBI support

The Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support from the central bank amidst a weakening dollar. Heightened tensions in the Middle East have driven oil prices upward, influencing the rupee's monthly trends. Likewise, India's IT sector demonstrated…

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