Dollar
Burnt fingers, cold feet: Inside NRI reluctance to fund India’s dollar dream
Several US-based NRIs who had invested in FCNR (B) deposits in 2013 allegedly failed to disclose the interest income to US tax authorities, leading to penalties and compliance headaches later. Given these concerns, Indian banks are not likely to see substantial dollar inflows from the US.
5 min read05:45 AM ISTIn FCNR race, banks answer only the biggest depositors
Banks are selectively choosing FCNR(B) deposits from NRIs with over $1 million to benefit from rising overseas funding costs. Smaller leveraged deposits are becoming unworkable. This situation could undermine RBI's goal of attracting $30-40 billion in inflows.
4 min read13 Jul 2026The week in charts: Slow kharif sowing, capex caution, clean energy milestone
In this weekly Plain Facts compilation, we present to you data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
4 min read11 Jul 2026Gold, silver prices today: Comex extends weekly losses amid renewed Middle East tensions
Precious metals saw volatility on July 10, with COMEX gold and silver futures declining due to renewed Middle East tensions and concerns over rising interest rates. Gold fell to an intraday low of $4,081, while silver dropped to $59.25, both recording weekly losses.
2 min read10 Jul 2026Gold, silver prices today: Comex gold slips $107, silver drops $3 as Middle East tensions escalate; Fed minutes in focus
Precious metals saw further losses on 8 July, influenced by renewed Middle East tensions and a strengthening US dollar. Gold dropped to $4,050 and silver fell below $60, as escalating conflicts following US strikes on Iran raised concerns over inflation and interest rates.
2 min read8 Jul 2026Gold, silver prices today: Comex gold and silver edge lower amid Middle East tensions, firm US dollar
Precious metals declined on 7 July amid rising tensions in the Middle East and ahead of Federal Reserve meeting minutes. Gold and silver futures fell sharply, continuously influenced by international geopolitical concerns and fluctuations in the US dollar and crude oil prices.
2 min read7 Jul 2026Gold, silver prices today: Comex gold tops $4,200, silver nears $64 as recovery rally extends; Fed minutes in focus
Gold and silver prices saw mild gains on 6 July, supported by easing concerns over a US Federal Reserve rate hike and a weakened US dollar. Gold futures rose to $4,215, and silver to $63.73, marking a recovery from prior losses.
2 min read6 Jul 2026Only one old-school haven stands firm during Iran war as gold, others lose luster
In times of trouble, investors usually flock to so-called traditional haven investments but the Iran war has put a question mark next to several of these former flights to safety.
4 min read4 Jul 2026Gold, silver prices today: Comex gold and silver extend rally as weak US jobs data cools Fed rate hike fears
Gold and silver prices rose on 3 July as easing rate hike fears followed a weak US jobs report. Comex gold futures climbed to $4,208, while silver futures reached $63.50. Employment data indicated a slowdown, lowering rate-hike expectations and negatively impacting the dollar.
2 min read3 Jul 2026The US Declaration of Independence startled the world in 1776, but when will it live up to its ideals?
A quarter of a millennium ago, the US made a tryst with what its founders saw as destiny. Now it must redeem the promises it made on 4 July 1776. They remain globally resonant, which only hardens the irony of America’s dimming appeal.
3 min read3 Jul 2026Wait for it…
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