Foreign Currency News

Iran is reportedly easing foreign currency controls and turning to cryptocurrency to circumvent international sanctions and encourage traders to repatriate fund

State Bank of India has raised nearly $1.9 billion in foreign currency through a special central bank scheme, significantly outperforming other public and priva

India's banking system liquidity surplus has reached a record ₹9.7 trillion ($102.67 billion), driven by $127.23 billion in non-resident foreign-currency deposi

HDFC Bank and ICICI Bank have increased their FCNR(B) deposit rates for dollar deposits to attract foreign currency, driven by rising global benchmark rates and

Finance Minister Nirmala Sitharaman has urged banks to enhance outreach to Non-Resident Indians (NRIs) to sustain the momentum of foreign currency mobilization,

State Bank of India has successfully attracted over $1.5 billion in forex deposits from overseas citizens, leveraging attractive returns supported by Reserve Ba