Featured Latest News

India’s Forex Reserves Fall for Fourth Week to $734.6 Billion

By Uniquetimesorg October 7, 2026 0

India’s foreign exchange reserves fell for the fourth consecutive week to $734.6 billion, according to data cited by the Reserve Bank of India (RBI). The reserves are now around $50 billion below their recent peak of $785.71 billion recorded on September 4. The decline comes as the RBI has been selling dollars in the spot […]Continue Reading

Featured Latest News

RBI Drains Nearly $20 Billion From Surplus Liquidity

By Uniquetimesorg September 29, 2026 0

The Reserve Bank of India has absorbed an estimated $20 billion in excess rupee liquidity from the banking system through foreign exchange operations, according to two bankers. The RBI has used dollar-rupee sell-buy swaps, spot dollar sales, bond sales and variable-rate reverse repos to manage surplus funds. The measures, combined with tax outflows, have sharply […]Continue Reading

Featured Latest News

RBI Net Bond Sales Cross ₹1 Trillion

By Uniquetimesorg September 28, 2026 0

India’s central bank has net sold government bonds worth ₹1 trillion during the current financial year, its largest annual net bond sale in more than a decade, according to treasury officials. Market participants expect the RBI to sell another ₹1 trillion by December. The Reserve Bank of India is using bond sales to withdraw excess […]Continue Reading

Featured Latest News

India’s Balance of Payments Surplus Jumps to $20.8 Billion in July

By Uniquetimesorg September 15, 2026 0

India’s balance of payments (BoP) recorded a $20.8 billion surplus in July 2026, sharply up from just $0.3 billion a year earlier, as foreign-exchange inflows surged following measures by the Reserve Bank of India (RBI) to attract overseas deposits. The improvement comes despite continued pressure on the country’s external accounts from elevated oil prices and […]Continue Reading

Featured Latest news

ICICI Bank Mobilises $17.9 Billion Through RBI Foreign Currency Deposit Scheme

By Uniquetimesorg September 2, 2026 0

India’s ICICI Bank has mobilised around $17.88 billion through the Reserve Bank of India’s foreign currency non-resident deposit scheme as of August 31, 2026. The initiative is aimed at attracting overseas foreign-currency inflows and strengthening India’s foreign exchange position. Of the deposits raised, about $9 billion has been used for loans provided Continue Reading

Featured Latest news

Tech Mahindra Beats Q1 Revenue Estimates

By Uniquetimesorg July 16, 2026 0

Tech Mahindra reported better-than-expected revenue for the first quarter of FY27, driven by strong performance in its communications and manufacturing businesses, along with support from a weaker Indian rupee. The company’s revenue rose 17.7% year-on-year to ₹157.12 billion for the quarter ended June 30. The results exceeded market expectations, as analysts surveyed Continue Reading

Featured Latest News

India’s Silver Import Curbs Trigger Shortages, Premiums Surge

By Uniquetimesorg July 8, 2026 0

India’s restrictions on silver imports have led to supply shortages in the country’s domestic market, pushing silver premiums to their highest level in six months. Dealers said premiums have climbed to around $6.5 per ounce, more than 10% above global benchmark prices, even as demand remains relatively subdued. India relies on imports for over 80% […]Continue Reading

Featured Latest News

Three Indian Development Financiers Plan $1.5 Billion Overseas Loans Under RBI Scheme

By Uniquetimesorg June 27, 2026 0

NABARD, SIDBI and NaBFID are planning to raise at least $1.5 billion through foreign-currency bank loans under the Reserve Bank of India‘s discounted overseas borrowing facility, according to sources familiar with the matter. Each institution is expected to seek at least $500 million, with NaBFID the furthest along after beginning discussions with lenders. The Continue Reading

Featured Latest News

RBI Chief Says Rate Hike Talk Premature as Inflation Shows No Broad-Based Rise

By Uniquetimesorg June 24, 2026 0

India’s central bank governor Sanjay Malhotra said it is “premature” to discuss interest rate hikes at this stage of the monetary policy cycle. He noted that the Reserve Bank of India (RBI) is closely monitoring potential second-round effects of rising oil prices on inflation before making any policy shifts. Malhotra said there are currently no […]Continue Reading

Featured Latest News

Indian Banks Launch Global Drive to Attract $50 Billion from NRIs

By Uniquetimesorg June 12, 2026 0

Indian banks have launched a global campaign to attract more than $50 billion in deposits from non-resident Indians (NRIs), as policymakers seek to strengthen the country’s foreign exchange reserves and support the rupee. Lenders are offering returns of up to 7.1% on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and are actively targeting overseas Indians through Continue Reading