MUMBAI, India, Sept. 2 -- Reserve Bank of India issued the following press release: RBI had introduced a special USD-INR Forex Swap facility covering FCNR(B) deposits, ECB and OFCB inflows on June 08, 2026. As already announced vide Press Release dated August 14, 2026, the Scheme was open till August 31, 2026 for FCNR(B) deposits, and will be open up to December 31, 2026 for ECBs and OFCBs. The provisional position* of forex inflows reported by Authorised Dealer B...
MUMBAI, India, Sept. 2 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) hosted the Third Conference of Registrars of Cooperative Societies (RCSs) at its New Delhi office on September 1, 2026. Deputy Governors Shri Swaminathan J. and Shri Shirish Chandra Murmu, Shri Shiv Pal Singh, Central Registrar of Cooperative Societies (CRCS), Registrars of Cooperative Societies from various States, and senior officials of the RBI participated in the Conference. ...
MUMBAI, India, Sept. 2 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 5,00,000 Total amount of offers received (in ₹ crore) 4,59,843 Amount accepted (in ₹ crore) 4,59,843 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1020 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Sept. 2 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,60,888.44 4.86 2.50-5.35 I. Call Money 11,760.67 5.16 4.00-5.25 II. Triparty Repo 4,79,207.75 4.82 4.15-5.00 III. Market Repo 1,63,344.97 4.93 2.50-5.15 IV. Repo in Corporate Bond 6,575.05 5.26 5.20-5.35 B. Term Segment I. Notice Money** 419.00 5.12...
NEW DELHI, Sept. 2 -- The Government of India issued the following FEMA circular: RBI/2026-27/251 A.P. (DIR Series) Circular No. 20 September 02, 2026 To All Authorised Dealer Category-I banks Madam / Sir Deposits and Accounts - Accounts of Non-resident banks Please refer to Para B.2(ii) and B.8(i) of Part B of the A.P. (DIR Series) Circular No.92, dated April 4, 2003, in terms of which AD banks were required to: * Furnish an up-to-date list of all its offices/branches maintaining Rup...
India, Aug. 31 -- The Government of India has issued a release: The President of India, Smt Droupadi Murmu graced the combined convocation ceremony of 18 National Institute of Fashion Technology (NIFT) Campuses in New Delhi today (August 31, 2026). Speaking on the occasion, the President said that the textile and apparel sector is not just a part of our cultural heritage, but it has also been the backbone of the livelihoods of millions of people. If the traditional artisans receive the support...
India, Aug. 31 -- The Government of India has issued a release: Vice President Shri C. P. Radhakrishnan today attended the Silver Jubilee celebrations of Rajagiri School of Engineering and Technology (RSET) and inaugurated Confluence 3.0, an Industry-Academia Summit focused on "India, Impact of AI", in Kochi. Highlighting Keralam's achievements in literacy, social development and human capital, Shri C. P. Radhakrishnan said Rajagiri has contributed not only to producing technocrats but also le...
India, Aug. 31 -- The Government of India has issued a release: Vice President Shri C. P. Radhakrishnan today attended the Fisheries Outreach Programme at Agatti, Lakshadweep, and released "Mission Rangeen Machhli 2031", the Strategic Action Plan for Ornamental Fisheries Development. He also distributed various government benefits and assistance to beneficiaries from the fisheries sector. The programme was attended by Union Minister for Fisheries, Animal Husbandry and Dairying and Panchayati R...
India, Aug. 31 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi has expressed deep sorrow over the loss of lives in a mishap at a firecracker factory in Kaushambi, Uttar Pradesh. Shri Modi conveyed his condolences to the bereaved families and prayed for the speedy recovery of the injured. Shri Modi also announced an ex-gratia of Rs.2 lakh from the Prime Minister's National Relief Fund (PMNRF) to the next of kin of each deceased and Rs.50,000 for the in...
India, Aug. 31 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi today met the President of the Russian Federation, H.E. Vladimir Putin, in Bishkek, on the margins of the 26th SCO Summit. This was their first meeting this year. The two leaders had earlier met in Delhi for the 23rd Annual Summit in December 2025. The two leaders reviewed progress in bilateral cooperation in a range of fields, including political, economic, defence, energy, space, mobility and pe...