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RBI Eases FEMA Norms for Cross-Border Transactions to Give Boost to Rupee

The New Indian Express Kalaburagi

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January 17, 2025

In a bid to give boost to rupee, the Reserve Bank on Thursday further liberalised the FEMA rules to encourage the use of rupee to settle cross-border transactions.

- ENS ECONOMIC BUREAU @Mumbai

The currency has touched an all-time low of 86.70 this Monday and closed 16 paise lower at 86.56 on Thursday.

The revised rules also encourage trade settlement in the respective local currencies as the rupee pain is only against the dollar, as it has been appreciating against all other reserve currencies.

FLERE HISTORIER FRA The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

No Russia crude in January, says RIL

A day after US President Donald Trump threatened to raise tariffs if New Delhi continues to buy Russian oil, Reliance Industries (RIL) on Tuesday vehemently denied a Bloomberg report that claimed it continues to get crude oil from Russia.

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1 min

January 07, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Ind-Ra sees GDP easing to 6.9%, rupee averaging at 92.26 next fiscal

FORECASTING a 7.4% economic expansion this fiscal, India Ratings sees the economy printing in 6.9% next fiscal, buoyed by domestic reforms that will help it tide over the global headwinds, especially those arising from steep 50% tariffs in exports to the US, along with the falling rupee, which it sees averaging around 92.26.

time to read

1 min

January 07, 2026

The New Indian Express Kalaburagi

2 Punjabi-origin illegal Indian migrants held in US for cocaine trafficking

TWO illegal Punjabi-origin

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1 mins

January 07, 2026

The New Indian Express Kalaburagi

HCs' reply on gender sensitisation panels sought

ALSO IN TOP COURT

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1 mins

January 07, 2026

The New Indian Express Kalaburagi

Hoax bomb threats target K’taka cities

VARIOUS courts across Karnataka, including the High Court bench in Dharwad and district courts in Mysuru, Gadag and Bagalkot were put on high alert after receiving emails warning of bomb explosions inside the court premises on Tuesday morning.

time to read

1 min

January 07, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Committed to better edu, health, roads & drinking water in Bastar, says CM

PANCHAYAT representatives from the remote gram panchayats of Sukma district, in a public exposure tour scheme under Hamar Chhattisgarh Jan Bhraman Yojana, paid a courtesy call to CM Vishnu Deo Sai at the state secretariat in Nava Raipur on Tuesday.

time to read

1 min

January 07, 2026

The New Indian Express Kalaburagi

The New Indian Express Kalaburagi

Another Hindu man killed in B'desh, second in 24 hours

A 40-year-old Hindu man was allegedly killed in Bangladesh on Monday night after unidentified attackers struck him with sharp weapons in the second such incident involving a Hindu businessman in the country within 24 hours, police and local media said.

time to read

1 mins

January 07, 2026

The New Indian Express Kalaburagi

HC asks chief secy to appear over water contamination

COMING down heavily on the Madhya Pradesh government over deaths caused by contaminated water in Indore, the High Court on Tuesday said the incident had hurt the city’s reputation as India’s cleanest city and made it infamous for supplying poisonous water.

time to read

1 mins

January 07, 2026

The New Indian Express Kalaburagi

ISL dribbles past 'paywall' to set Feb 14 date

FINALLY, after months of uncertainty, the Indian Super League is back on track and this time it seems to be with purpose.

time to read

1 mins

January 07, 2026

The New Indian Express Kalaburagi

SC warns against 'rich accused' assailing law

NOTING that the trend of rich accused challenging the validity of law must stop, the Supreme Court on Tuesday dismissed the plea of a lawyer facing money laundering charges in connection with the AgustaWestland VVIP helicopter deal challenging the validity of a provision of the Prevention of Money Laundering Act (PMLA).

time to read

1 min

January 07, 2026

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