FCNR-B deposits: Economic benefits outweigh hedging costs, says Sanjay Malhotra

‘Control matters...but we can’t turn our backs on people fleeing persecution’

MP Mike Tapp is releasing a documentary focusing on the immigration crisis, a topic which closely affects his constituents in Deal and Dover.

Paxton campaign rocked by third leaked tape as he slams Iran war just hours before rally with Trump

Texas Attorney General and US Senate candidate Ken Paxton has been caught trashing Washington decision-making yet again.

Badenoch vows to axe inheritance tax on main family homes and let parents hand down £1m tax-free in Tory speech

Closing the party's conference in Birmingham, Kemi Badenoch insisted no family properties would be subject to inheritance tax - and there will also be a million pound allowance not subject to the levy.

Newly-unearthed Cornell video shows two fraternity brothers who weren't named in Jane Doe lawsuit telling investigators that alleged gang rape was consensual

Two Chi Phi fraternity members told investigators that the alleged Cornell gang rape was consensual, newly unearthed video shows.

Landmark climate change court ruling in Australia set to have far-reaching impacts for the mining industry

Climate Change Minister Chris Bowen, who is in Fiji chairing an international climate change meeting, said the government 'respected' the decision.

Jordanian princess found out her Colombian housekeeper had stolen her jewellery when it appeared in auction house magazine, court told

Firyal Irshaid, 81, left London during the Covid pandemic before receiving a phone call from a friend - who had spotted her engagement ring on the front of a catalogue.

Met Office issues 'quite warm' verdict as temperatures to soar as high as 20C

The south east is expected to become "quite warm" over the middle of October

Scott Bessent's volcanic temper laid bare: Trump's money man 'hurled binder at wall and screamed profanities at deputy' as SEVEN top officials exit

Treasury Secretary Scott Bessent once grew so enraged over the way his daily briefing book was laid out that he grabbed the binder and hurled it at a wall.

FCNR-B deposits: Economic benefits outweigh hedging costs, says Sanjay Malhotra

The RBI had introduced the special USD-INR forex swap facility on June 8, 2026, as part of efforts to strengthen foreign exchange reserves and support balance of payments conditions. The facility allowed banks to offer higher interest rates on FCNR(B) deposits by transferring the currency hedging cost to the central bank.

Five arrested during October 7 demo in London: Met Police say spontaneous protest 'incited racial hatred' outside Board of Deputies of British Jews office

The Met Police said it involved allegedly shouting or chanting slogans calling for the intifada during the 'spontaneous' protest in Camden on the third anniversary of the October 7 atrocity.

Rahul Gandhi, Priyanka detained on way to Jantar Mantar; LoP says ‘they are going to pay for it’

Rahul Gandhi, Priyanka detained on way to Jantar Mantar; LoP says ‘they are going to pay for it’