The RBI's special foreign currency attraction measures have mobilized over $40 billion in two months, primarily through FCNR(B) deposits, aiming to strengthen India's external defences rather than boost the rupee, which remains stable around 95.31 to the dollar
The Bank of Russia acquired 4.8 billion rubles ($61.4 million) worth of yuan on the domestic market for settlement on July 22, 2026. This follows a similar purchase of 4.8 billion rubles in yuan with settlement on July 21.
India's foreign-currency mobilization drive is surpassing initial forecasts, with the RBI reporting banks garnered $20.7 billion under its special incentive window. Economists now project an additional $10 billion upside, potentially reaching $80 billion in total flows, driven by FCNR(B) deposits and foreign bank participation.
Chinese actor Li Chengru, 71, known for classic roles, lost US$13 million in foreign currency trading before his acting career took off. His early life involved poverty and an apprenticeship that ignited his passion for acting, leading him to script supervision for 'Journey to the West'.
An IMF paper suggests stablecoins can improve foreign currency access in fixed exchange rate economies but may amplify currency runs during crises, prompting calls for transaction limits.
The Bank of Russia purchased 4.8 billion rubles ($62.62 million) worth of yuan on the domestic market for settlements dated July 9, 2026. This follows a purchase of 4.7 billion rubles ($61.32 million) for settlements dated July 8.
The Bank of Russia purchased yuan on the domestic market with settlement on July 6, 2026, totaling 9.3 billion rubles ($121.57 million). The bank also conducted foreign currency operations on July 3, totaling the same amount.
Foreign currency deposits in South Korea increased for the second consecutive month in May, reaching US$112.25 billion, primarily driven by a rise in U.S. dollar savings by residents, according to Bank of Korea data.
The RBI has removed interest rate caps on certain non-resident foreign currency deposits until September, aiming to attract overseas funds and boost bank deposits. This move seeks to supplement household savings and ease liquidity challenges as credit growth outpaces deposit mobilization.
The Bank of Russia purchased yuan on the domestic market with settlement on June 16, 2026, for 5.3 billion rubles ($73.11 million). Similar purchases were made on June 15.
最高裁は、外国通貨を別の外国通貨に両替した際の為替差益は、日本円に払い戻さなくても課税対象になると初判断した。外貨同士の取引でも、両替時点で収入の権利が確定すると結論付け、投資家側の上告を棄却した。実務を追認する形となった。
The Bank of Russia purchased yuan on the domestic market with settlements on June 11, 2026, for 5.3 billion rubles ($73.08 million). This follows a purchase of 5.2 billion rubles ($71.70 million) on June 10.
The Reserve Bank of India (RBI) has introduced measures to attract foreign currency inflows, including incentives for external commercial borrowings (ECBs) and bearing hedging costs on FCNR(B) deposits, while maintaining the policy rate at 5.25% and a neutral stance. RBI also revised its inflation forecast upward to 5.1% and lowered growth forecasts to 6.6% for FY27, citing supply chain disruptions and elevated energy prices.
A 45-year-old woman was robbed of S$50,000 after arranging a currency exchange via a messaging app. She met two men at a hotel near Bayfront Avenue, Singapore, where the incident occurred.
A 45-year-old woman was robbed of S$50,000 after arranging a currency exchange online. She met a man near Bayfront Avenue, Singapore, and was taken to a hotel room where a second man was waiting. The police are investigating.
The Bank of Russia purchased 1.2 billion rubles ($16.64 million) worth of yuan on the domestic market with settlements dated May 29, 2026. Similar operations were conducted on May 28.
India's rupee has fallen nearly 6% against the US dollar since late February due to Middle East tensions. The Reserve Bank of India is considering measures like a potential interest rate hike, a foreign currency deposit scheme for NRIs, and a sovereign dollar bond to stabilize the currency and attract inflows.
The US Treasury Department sanctioned Iran-based Amin Exchange and 19 vessels involved in shipping Iranian oil and petrochemicals. The exchange facilitated billions in transactions, enabling Iran to evade sanctions and access the international financial system.
South African President Cyril Ramaphosa faced down calls to resign on Monday over a scandal in which thieves stole bundles of cash in foreign currency hidden in a sofa on his ranch. In a televised address to the nation, Ramaphosa said he respected a constitutional court ruling that revived impeachment proceedings against him last week but pledged to defend himself. “While there have been calls in some circles that I should resign, nothing in the Constitutional Court judgment compels me to...
South African President Cyril Ramaphosa faced down calls to resign on Monday over a scandal in which thieves stole bundles of cash in foreign currency hidden in a sofa on his ranch. In a televised address to the nation, Ramaphosa said he respected a constitutional court ruling that revived impeachment proceedings against him last week but pledged to defend himself. “While there have been calls in some circles that I should resign, nothing in the Constitutional Court judgment compels me to...
Prime Minister Narendra Modi urged collective national efforts to reduce import dependence and strengthen India's global supply chain position. Amidst global uncertainty and Middle East conflict concerns, he appealed to citizens to minimize foreign currency spending and support domestic manufacturing. Modi drew parallels to past national crises, emphasizing historical citizen unity in response to government appeals.
India's foreign exchange reserves experienced a significant drop of $7.794 billion, reaching $690.693 billion in the week ending May 1. This decline, primarily driven by a fall in foreign currency assets and gold reserves, follows a previous decrease. The central bank's intervention in the forex market to support the rupee is a key factor behind this trend.
A home in the upscale Shouson Hill area in Hong Kong’s Southern district has been burgled, with luxury watches and foreign currency worth more than HK$1.1 million (US$140,400) stolen. Police are looking into whether the burglars scaled the wall of a vacant neighbouring detached house at Orchid Hill to enter 26 Shouson Hill Road in Deep Water Bay, the South China Morning Post learned. The force responded to a call from a domestic helper at 10.11am on Saturday, after she discovered signs of forced...
Rusya Merkez Bankası, 28 Nisan 2026 hesaplaşmalı iç piyasada 4.6 milyar ruble (61.04 milyon dolar) yuan sattı. 27 Nisan hesaplaşmalı satış 4.7 milyar ruble (62.39 milyon dolar) idi.
