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AP/India Wire
RBI swap window sharpens dollar pull
A small change in central bank wording has given banks fresh room to mobilise foreign-currency deposits, potentially drawing as much as $50 billion into India at a time when the rupee and external balances are under pressure.
The Reserve Bank of India’s June package centres on Foreign Currency Non-Resident Bank deposits, or FCNR deposits, a long-used channel through which overseas citizens place foreign-currency funds with banks. The decisive shift
The Reserve Bank of India’s June package centres on Foreign Currency Non-Resident Bank deposits, or FCNR deposits, a long-used channel through which overseas citizens place foreign-currency funds with banks. The decisive shift
More India News from AP
RBI swap window sharpens dollar pull
A small change in central bank wording has given banks fresh room to mobilise foreign-currency deposits, potentially drawing as much as $50 billion
JNK India secures Abu Dhabi incinerator order
JNK India has secured a large export order for an incinerator package linked to Abu Dhabi’s TA’ZIZ Salt Project, strengthening the company’s overseas
Rupee jumps as Colombo tightens exporter dollar rule
Sri Lanka’s rupee rallied more than 2 per cent after the Central Bank of Sri Lanka shortened the deadline for exporters to convert
New silver curbs tighten bullion inflows
New Delhi has tightened import controls on key silver categories, making prior authorisation from the Directorate General of Foreign Trade mandatory for specified
Paytm hiring drive sharpens AI focus
Paytm plans to add about 4,000 employees over the next nine months as the digital payments company pushes deeper into artificial intelligence, product
Oman vessel alert draws rescue push
The Embassy of India in Muscat said it is monitoring a maritime incident involving a vessel carrying Indian seafarers off Oman and is
RBI’s rupee shield lifts forward book
Reserve Bank of India has pushed its net short dollar position past $110 billion, taking a key currency-defence tool to a record high
BEML targets bigger rail defence pipeline
BEML Ltd. is chasing a sharp expansion in orders this fiscal year, targeting a book of more than ₹31,000 crore as the state-run
Musk comment puts spotlight on India’s fertility shift
Elon Musk’s reaction to a viral post on India’s falling fertility rate has pushed the country’s demographic transition into a wider global debate,
Mumbai concert death sharpens event safety concerns
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CBSE recheck row deepens student anxiety
Thousands of Central Board of Secondary Education Class 12 students have pressed for grace marks and a waiver of post-result fees after complaints
Bond tax break targets overseas capital
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Just in:
RBI swap window sharpens dollar pull
// DIB draws demand for capital sukuk
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// Somali fans rage over referee visa blow
// Dubai speeds up tourist visa approvals
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// Korean Liquor (K-SUUL), Raises Its First Flag for Globalization on Asia’s Largest Stage
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// Apple Watch update leaves older models behind
// SpaceX targets orbital AI test launch
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// Gulf travellers lift Japan’s tourism surge
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// Iran fans lose World Cup ticket access
// Phishing tests expose AI inbox risks
// Shadow AI widens corporate control gaps
// Alcohol advice tightens after low-dose risk findings
//