Mumbai, July 21 (IANS) India continues to remain a key equity investment destination for wealthy non-resident Indians (NRIs) in the Gulf, even as they increasingly diversify their portfolios into global liquid assets, private equity and international markets, a report has said.According to an analysis by Khaleej Times, the shift marks a significant change in the investment strategies of affluent Indian expatriates in the Gulf, whose wealth has traditionally been concentrated in family-owned busi…
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New Delhi, July 20 (IANS) The Reserve Bank of India’s swap facility for offering concessional swaps for fresh foreign currency non-resident bank deposits [FCNR(B)] deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs), has succeeded in attracting forex inflows to the tune of $20,718 million as on July 17, 2026, according to the Central Bank statement issued on Monday.The amount has flowed in since the scheme was operationalised on June 8 this year. Th…
New Delhi, July 17 (IANS) India’s balance of payments (BoP) is expected to move to a surplus in FY27 after two consecutive years of deficits as net foreign direct investment and other capital inflows strengthen, a report has said.The report from Care Edge Ratings said net FDI is expected to improve to $15 billion in FY27 from $6.9 billion in FY26, supported by stronger gross FDI inflows and some tapering of repatriation.Further, concessional swap windows for FCNR(B) deposits, External Commerci…
New Delhi, July 14 (IANS) Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Tuesday urged officer trainees of the Indian Corporate Law Service to “uphold the highest standards of integrity and professionalism, promote transparent, responsive governance, facilitate Ease of Doing Business and Ease of Living through simplified compliance.”FM Sitharaman interacted with Officer Trainees of the 2024 and 2025 batches of the Indian Corporate Law Service hereThe minister also “enco…
New Delhi, July 14 (IANS) India’s premium residential market cities saw a rise of up to 28 per cent in terms of capital value in the first half of 2026, driven by higher construction costs arising from elevated crude oil prices and supply chain disruptions triggered by geopolitical conflicts, a report said on Tuesday.The report from Savills India said Mumbai witnessed a 10-15 per cent YoY increase for under‑construction premium homes, while Noida witnessed an increase of around 4-28 per cent Y…
New Delhi, July 13 (IANS) The chiefs of public sector banks (PSBs) and financial institutions informed Finance Minister Nirmala Sitharaman on Monday that there was a strong response from NRIs to the higher interests rates and incentives that have been announced across foreign currency non-resident bank deposits FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives.The banks expect funds flowing in from NRIs to pick up further m…
New Delhi, July 12 (IANS) India has received $7 billion from foreign institutional investors (FIIs) after the government announced measures last month to attract more foreign funds and steady the volatility in the rupee, according to an SBI Research report. The Indian rupee has appreciated around 2.2 per cent till the end of June, a low of Rs 96.8 vis-a-vis the US dollar on May 20, 2026.Last month, the government and the Reserve Bank of India introduced a set of measures aimed at boosting foreig…
New Delhi, July 10 (IANS) Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) and financial institutions on Monday to review the progress of foreign currency deposit mobilisation and overseas borrowing initiatives aimed at strengthening external capital inflows, as per sources.The meeting comes after the Reserve Bank of India (RBI) last month announced a series of measures to encourage banks to mobilise foreign currency deposits from Non-Resident Indians …
Mumbai, July 10 (IANS) India’s foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves rose by $2.669 billion to $105.205 billion during the reporting week.The country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund also increased by $65 million to $18.623 billion.T…
New Delhi, June 5 (IANS) Industry chamber ASSOCHAM on Friday praised Reserve Bank of India’s decision repo rate pause as steps to support trade and industry, as stable rate shields growth from supply‑side shocks.Nirmal Kumar Minda, President, ASSOCHAM said stable interest rates “will support demand and potentially benefit investments, consumption, employment, and overall economic growth.”The “well-calibrated measures by the RBI will create a promising approach to growth and to control inflat…