Gulf money exchanges refuse Indian currency after Rs 2000 withdrawal While Indians are feeling the pinch of RBI’s decision in a foreign country, money exchangers said that none of the
NRIs deposits top $8 bn mark Bankers said inflows rose due to facilities like easing limits on interest rates. In July last year, the RBI took
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 and Malaysia move to settle trade in INR The Indian Ministry of External Affairs (MEA) issued a statement, which is a step further to the RBI’s decision in
USD 107bn sent by NRIs to India in 2022-23 “External sector indicators have improved significantly. Foreign exchange reserves have rebounded from USD 524.5 billion on October 21, 2022 and
California rally against caste legislation The legislation was initially submitted in the California Senate on March 22 by state senator Aisha Wahab, the first Muslim
No cap for foreign investors in Indian Sovereign Green Bonds “The government sovereign green bonds issued in the fiscal year 2022-2023 that were eligible for investment under the FAR will
NRI deposits shoot to $5 bn between April 2022 and January 2023 Non-resident Indian (NRI) bank accounts received USD 5.95 billion from April 2022 to January 2023, more than doubling the USD
Indian Rupee has strong fundamentals to emerge as an international currency India and Russia completed their first trade settlement in Rupee in December 2022 under an agreement called International Settlement of
Pine Labs, Thomas Cook India partner to enable UPI payments for foreign nationals from G20 nations The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI. This facility can be