Foreign Currency
Finance ministry calls lenders for meeting on 13 July to review, step up foreign currency mobilization
The government wants to boost the inflow of funds through foreign currency non-resident (bank) deposits, overseas foreign currency borrowings and external commercial borrowings.
3 min read10 Jul 2026Do you have to pay tax on your NRE deposit interest? Key rules NRIs should know
NRE accounts allow NRIs to deposit foreign income in Indian rupees, facilitating free repatriation. Interest on NRE fixed deposits is exempt from Indian income tax, enhancing their appeal.
2 min read8 Jun 2026Centre’s Big Move To Attract Foreign Capital: No LTCG Tax on Overseas Investors in G-Secs
In a move aimed at boosting foreign capital inflows, the Indian government has removed long-term capital gains tax on overseas investments in government securities. The decision comes as foreign investors pull billions out of equities amid global uncertainty, putting pressure on the rupee. The Reserve Bank of India has also expanded access to bonds under the Fully Accessible Route, allowing unrestricted foreign investment in select securities. The coordinated push signals a strategic shift toward attracting stable, long-term capital into India’s financial markets.
5 Jun 2026How FCNR accounts offer safe, stable returns for NRIs — key features explained
FCNR accounts allow NRIs to invest in foreign currencies, offering tax-exempt interest in India. Loans against these deposits are available, but restrictions apply. Interest rates are competitive, and deposits are fully repatriable, making them a secure investment option.
3 min read30 Mar 2026RBI proposes sweeping reforms to ease India Inc.'s foreign borrowing
RBI's plan to increase the ECB limit and widen access is a positive development for Indian companies looking to raise funds overseas at cheaper rates.
2 min read3 Oct 2025With anti-immigration sentiment growing all around, overseas remittances for education drop 44%
Trump-administration has cracked down heavily on international students in recent past which included deportation of international students for their political views. Rupee, meanwhile, has hit historic lows against US dollar, making it more expensive to study at an overseas university
2 min read29 Sep 2025Ajit Ranade: Rupee depreciation is inevitable but exchange-rate volatility is not
The Reserve Bank of India should restrain its active forex intervention, while the government needs to frame policies aimed at attracting more dollars. It’ll also help to tone down the rhetoric that equates the rupee’s strength with national strength.
4 min read6 Jan 2025Mint Quick Edit | Has the rupee weakened or strengthened?
It has fallen against the dollar but its real effective exchange rate, vis-a-vis a basket of currencies, is at a peak. Is this too risky? That’s a call for RBI to take.
1 min read27 Dec 2024How the rupee’s fall can impact the economy and what RBI can do about it
The rupee continues to get weaker against the US dollar, which is bad news as India remains a net importer
2 min read17 Apr 2024Do you have to pay tax on your NRE deposit interest? Key rules NRIs should know
NRE accounts allow NRIs to deposit foreign income in Indian rupees, facilitating free repatriation. Interest on NRE fixed deposits is exempt from Indian income tax, enhancing their appeal.
2 min read8 Jun 2026Wait for it…
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