Foreign Exchange
Rupee set for a rebound on RBI curbs, but depreciation pressure persists
The RBI’s new measures to supply dollars directly to state-run oil companies and curb speculative currency trades are expected to lift the rupee in the near term. Experts caution that high oil prices, capital outflows and weak external balances will continue to weigh on the currency.
4 min read06:00 AM ISTForex reserves plunge record $18.3 billion as RBI steps in to support rupee
Reserves fell $18.34 billion to $747.56 billion in the week of Sept. 25, data released on Friday showed. This is the biggest fall in a week on record.
1 min read2 Oct 2026Ajit Ranade: RBI owes the public an explanation for its exorbitant dollar deposit scheme
Central banking often demands difficult choices made under uncertainty. However, good institutions earn trust by explaining their actions clearly. RBI owes us a cost-benefit analysis of its swap window that drew $127 billion plus.
4 min read7 Sep 2026The dollar deluge that RBI is faced with has also hauled in a new tide of woes
Despite India’s Reserve Bank ending its scheme for FCNR(B) deposits a month ahead of schedule, the dollar inflows it sought topped $127.2 billion. If RBI now finds itself between a rock and a hard place, it is largely on account of its own errors of judgement.
4 min read6 Sep 2026Boost for Indian economy after 7.8% GDP; Japan agency upgrades sovereign rating from BBB+ to A- | Difference explained
Japan’s JCR upgrades India’s sovereign rating to A- with a stable outlook after strong 7.8% GDP growth. Here’s what the BBB+ to A- upgrade means.
4 min read5 Sep 2026The hidden drag on freelance income: Why your overseas client invoices don’t match the money reaching your bank
For Indian freelancers, the invoice value of an overseas client payment may not be the amount that reaches their bank account. FX conversion margins, platform fees and SWIFT costs can reduce the final INR payout. Here is how freelancers can calculate the actual amount they received.
3 min read3 Sep 2026Rupee opens 6 paise higher at 95.64 against US dollar
The Indian rupee opened at 95.64 against the US dollar, bolstered by strong capital inflows. Traders remain cautious of crude oil prices and potential RBI interventions. India's forex reserves rose nearly $10 billion recently, fueled by RBI measures, but rupee volatility remains a concern.
2 min read24 Aug 2026HDFC Bank raises $1.75 billion as FCNR(B) window nears closure
HDFC Bank raises $500 million through three-year notes and $1.25 billion through five-year bonds as banks step up foreign-currency fundraising
1 min read20 Aug 2026How capital gains on foreign shares are computed and taxed in India
Upon returning to India, the person must compute capital gains from US shares in INR, using the exchange rate from the sale date. No concessions for rupee depreciation apply. Long-term gains are taxed at 12.5%, and disclosure of foreign assets is required for tax purposes.
2 min read3 Aug 2026Mint Explainer | Can India mop up $50 billion under RBI's FCNR (B) scheme?
The RBI’s latest data shows banks mobilized $17.41 billion through FCNR (B) deposits. Market expectations are for a total of $45-55 billion compared with $26 billion raised in 2013.
4 min read22 Jul 2026Wait for it…
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