India's forex reserves climb nearly $1 billion to $672.5 billion

India's forex reserves hit record $729.3 billion on strong foreign inflows

India's foreign exchange reserves rose by $12.4 billion to a record $729.3 billion in the week ended August 21, supported by strong overseas inflows following RBI measures to attract foreign capital. The higher reserves give the RBI greater room to support the rupee amid elevated crude oil prices and global uncertainties. 29 days ago
No material concerns, HDFC Bank has sound financials: RBI

HDFC Bank faces class-action lawsuit in US, shares decline

HDFC Bank is facing a federal securities class-action lawsuit in New York over allegations that it disguised around Rs 45 crore in differential interest payments to Maharashtra State Road Development Corporation (MSRDC) as marketing expenses. Aug 28, 2026
No material concerns, HDFC Bank has sound financials: RBI

HDFC Bank faces class-action lawsuit in US, shares decline

HDFC Bank is facing a federal securities class-action lawsuit in New York over allegations that it disguised around Rs 45 crore in differential interest payments to Maharashtra State Road Development Corporation (MSRDC) as marketing expenses. Aug 27, 2026
Domestic equity markets opened higher on Monday after two straight weekly losses amid decline in crude oil prices, though investors awaited clarity on potential US sanctions on Iran later in the session amid elevated geopolitical tensions.   Nifty opened

Sensex, Nifty open higher as crude oil prices fall up to 2%

Indian benchmark indices opened higher on Monday, supported by gains in IT stocks, with Infosys and HCL Technologies among the top performers. The Sensex rose 0.27% while the Nifty gained 0.18%. However, elevated crude oil prices, West Asia tensions and volatility concerns limited the market's early gains Aug 24, 2026
Govt eases rules to enable export payments in rupees

Govt eases rules to enable export payments in rupees

The move makes rupee-denominated export receipts eligible for Foreign Trade Policy benefits and export obligation fulfilment. The policy is also aimed at reducing currency conversion costs and exchange-rate risks while promoting wider international use of the rupee. Aug 21, 2026