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Featured News
Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
Banks mobilised $132.9 billion through FCNR(B) deposits under the RBI’s special forex swap window, taking total inflows, including ECBs and OFCBs, to $143.5 billion by September 18. The inflows are more than five times those raised under a similar 2013 scheme, with banks raising a significant portion in the final 10 days. While the FCNR(B) facility continues to support dollar inflows, rising global bond yields may weigh on further overseas borrowing through ECBs and OFCBs, which remains available until December 31.
India-New Zealand FTA kicks in from October 20: Indian exporters get duty-free access from day one as both nations target Rs 35,000 crore trade by 2030
India-New Zealand FTA kicks in from October 20: The India-New Zealand Free Trade Agreement will come into force on October 20, giving Indian exporters duty-free access to New Zealand across all tariff lines from day one. The pact aims to double bilateral goods and services trade to around Rs 35,000 crore by 2030, while protecting sensitive Indian sectors such as dairy and several agricultural products. It also provides greater market access for select New Zealand products and includes provisions for investment, professionals and students.






