June 10, 2026
Commercial banks can now issue virtual or international cards for visa-related forex guarantees
Foreign exchange reserves usually shrink after every ACU payment
He also urges people to avoid buying gold as high global energy costs strain India's foreign reserves
If the trend continues, remittance inflows could reach $35.4 billion by the end of May, the central bank projects
The ceasefire deal appeared to be on thin ice, as Israel continued its parallel war against the Iran-aligned militia Hezbollah in Lebanon
Record remittance inflows were not sufficient to bridge the trade gap, BB data shows
Moves are largely muted as traders await key data releases and events scattered throughout the month
"With no resolution to the government shutdown in sight, sentiment in financial markets deteriorated," analysts from Westpac say
