Economy News ( English version)

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  • In hawala universe, it's a partial eclipse of dollar March 28, 2026
    The Indian money market's hawala sector is experiencing an unusual discount on the dollar-rupee exchange rate, a shift attributed to stalled flights and reduced trade with the Gulf. This irregular market, typically seeing a dollar premium, is now operating 1-2% below official rates, impacting informal remittance channels.
  • RBI tightens norms on net open positions to curb rupee’s slide March 27, 2026
    The Reserve Bank of India has set a new limit for banks on their foreign currency dealings in the rupee. This move aims to control speculative trading and stabilize the Indian currency. Banks must now keep their open positions within 100 million US dollars each day. This regulation comes as the rupee faces pressure and has depreciated significantly.
  • Forex kitty slips below $700 billion as bullion loses some sheen March 27, 2026
    India's foreign exchange reserves dropped significantly last week. Gold prices fell, impacting the overall reserves. The Indian Rupee also weakened against the US Dollar. Oil prices rose due to geopolitical concerns. The Reserve Bank of India's intervention in the currency market was limited. Traders anticipate further Rupee depreciation, with some […]
  • Courier export value limit to be scrapped March 27, 2026
    Small exporters and e-commerce shipments will receive a boost. The government has removed the value limit for exports via courier services. This change takes effect from April 1, 2026. Previously, a limit of 10 lakh rupees per consignment was in place. The Directorate General of Foreign Trade announced this significant update.
  • India, Europe eye deeper ties as PM Modi plans May-June visits March 27, 2026
    India and Europe are strengthening ties following a trade agreement. Prime Minister Narendra Modi will visit Oslo for the India-Nordic Summit and Italy for bilateral talks. He will also attend the G-7 Summit in France. These engagements aim to boost collaboration amid global supply chain challenges. India's participation highlights its role in addressin […]

 

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