Rupee falls below 90 per Dollar for the first time amid trade deal uncertainty and FPI outflows
For the rupee to show meaningful recovery, experts say it must reclaim the 89.80 level. Until then, volatility is likely
New LTCG rules impact NRIs: Higher tax rates and loss of foreign currency adjustment
These changes may influence investment decisions, particularly as NRIs reassess the potential returns on their Indian assets PRAVASISAMWAD.COM The recent
NRI deposits in India doubles
Notably, non-resident ordinary (NRO) accounts have seen the highest deposits, with a total inflow of around $2 billion PRAVASISAMWAD.COM Non
NRI Bank Accounts: Enhancing Overseas Banking Experience
Here are the details of NRI Bank Accounts which are categorized as NRE (Non-Resident External) Savings Account; NRO (Non-Resident Ordinary)
Reserve Bank of India wants Indian rupee to be a global currency
At present, the rupee is not an international currency because it is not fully convertible on capital accounts, and unrestricted
RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till September 30
Exchange facility for Rs 2,000 bank notes up to Rs 20,000 at a time would be available from May 23
India’s forex reserves now at $6.56 bn
According to the data released by Reserve Bank of India (RBI), the foreign exchange reserves rose to USD 531.08 billion
Fake Rs 500 notes see 102% jump in FY22
Fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year. The number of bank notes
80% overseas Indians are investing in the country
The markets which were taken into consideration are the US, Canada, UK, UAE, Saudi Arabia, Hong Kong, Malaysia, Singapore and