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Featured News
RBI exempts bank swap deals from net unhedged FX exposure norm
Banks will benefit from new Reserve Bank of India rules. Swap deals for foreign currency funds will not count towards their overnight foreign currency market position. This change aims to help banks raise foreign currency more easily. The RBI had previously set a limit to control market volatility. This move is expected to provide relief and encourage foreign currency inflows.
India gets EU approval to export aquaculture products, eggs, honey beyond September
India will continue exporting aquaculture products, eggs, honey, and animal casings to the European Union. The EU has revised its regulations, with new rules effective from September 2026. This ensures ongoing market access for Indian exporters. The fisheries sector, a significant contributor with exports valued at USD 1.59 billion, will benefit. India has worked to meet the EU's enhanced requirements.
