FOREIGN BANK

India's foreign exchange reserves reached a record high of $657.16 billion as of July 5, marking a significant increase of $5.16 billion from the previous week. This surge was driven by a rise in Foreign Currency Assets (FCAs), which grew by $42.29 ...

RBI said it has been decided that "authorised persons" may facilitate remittances for all permissible purposes under LRS to IFSCs for availing financial services or financial products as per the International Financial Services Centres Authority Act...

Foreign investors drove record highs in Indian stocks, buying $4 billion since June. Modi policy concerns eased as NSE Nifty 50 hit new highs. Strong domestic flows and possible central bank rate easing bolstered economic confidence, notes HDFC’s De...

Foreign banks have become the largest investors in India's sovereign bond market, purchasing over $6 billion of debt since June. The optimistic outlook on India's economy, reinforced by election results and potential rate cuts, has led to increased ...

Public sector banks are reducing their bond holdings while foreign lenders are increasing theirs, impacting the trading landscape. Factors like excess SLR holdings and a tightening monetary policy have contributed to this shift. The market value of ...

The Indian rupee appreciated 5 paise against the US dollar, supported by a retreat in crude oil prices and foreign fund inflows. Analysts predict a broad trading range for the rupee amid positive economic indicators.

The 'China+1' strategy has gained momentum over the last few years as the US-China strategic conflict has heightened. Countries, including India, have been competing to be the '+1' by easing policies and providing incentives to attract foreign firms...

The pause by the People's Bank of China (PBOC) started in May, when spot gold prices hit a record high. The previous 18 months of consistent buying by the PBOC, along with demand from other central banks, contributed to the gold rally from March to ...

Deutsche Bank, BNP Paribas, Credit Agricole, and Societe Generale request a six-month extension from BaFIN and AMF for the October 2024 CCIL trading deadline. This results from ESMA's de-recognition and pending Reserve Bank of India approval for a t...

Equity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.

Banks under new regulations can flag exporters with outstanding amounts, ensuring timely realization of proceeds. Transparency and efficiency are prioritized in export-import transactions, benefiting businesses of all sizes.

HDFC Bank's shares surged, attracting billions, with FIIs reducing stakes. Analysts predict a significant increase in the MSCI index weight, potentially doubling inflows. The bank's NSE shares closed higher, reflecting positive investor sentiment.

HDFC Bank shines with a 16% rally, surpassing Sensex performance. Market awaits MSCI EM Index rebalancing news on August 13, fueling anticipatory speculation.

Over the past decade, Indian expenditures on foreign exchange have surged dramatically, increasing from $1.1 bn in FY14 to $31.7 bn in FY24, driven largely by travel expenses. In contrast, remittances from overseas workers into India grew by 71%, ri...

​Shares of underperforming heavyweight HDFC Bank, which have bounced back by 11% in the last one month amid value buying by large foreign investors, can jump another 10-15% if its weightage in MSCI increases in August review.

Currency market reacts to India's JPMorgan index inclusion with increased foreign buying and dollar transactions by large banks. Traders anticipate passive inflows despite the rupee's limited appreciation. RBI expected to manage the market dynamics ...

According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of ₹352.4 per share. The floor price represents a ...

The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids erod...

I would say beyond banks there are a lot of themes which we still like within the market. There is the broader theme of energy security, there is the theme of I guess high value-added services exports, the GCC theme, the tourism theme.