RBI ramps up forward dollar sales to defend stumbling rupee, traders say

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INDIA-RUPEE/RBI ramps up forward dollar sales to defend stumbling rupee, traders say

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Your guide to investing in the US and global stocks through the Liberalized Remittance Scheme
Under the Liberalized Remittance Scheme, Indian residents are allowed to remit up to $250,000 annually. Platforms like Vested Finance, INDmoney, and Appreciate have leveraged this provision to simplify US stock and ETF investments.
The wealth effect: How perceived prosperity drives spending—and how to stay in control
As rising asset prices create a sense of financial well-being, many fall prey to the psychological trap of over-spending. But by adopting strategies to stay grounded, we can harness the wealth effect without letting it derail long-term financial health.
Can I add the cost of furnishing the house to its cost of acquisition at the time of selling?
Planning to sell your house? Certain furnishing and interior expenses may help reduce your taxable capital gains, provided they qualify as cost of improvement.
New EPFO feature! Members can change personal details without employer approval
Employees' Provident Fund Organisation (EPFO) launched a new facility on January 18, allowing members to change personal details without employer approval.
Santosh Kamath of Franklin Templeton MF is back with a new credit alternative investment fund
The AIF will only lend to financial services companies and is targeting an internal rate of return of 11% to 14%.
New Tax Regime: Why should you still opt for tax-saving instruments such as PPF, NPS, NSC?
Income Tax: The new tax regime has made traditional tax-saving investments like PPF and NSC less appealing, encouraging diversification into higher-return options. However, some experts still consider these instruments relevant for conservative strategies.
High FD rates: THESE 10 banks offer over 8% interest on fixed deposits | Check latest rates here
Fixed deposits are ideal for risk-averse investors, with some banks offering over 8% interest. Northeast Small Bank tops the list at 9%. 
Provident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers| Details
EPFO has done away with the requirement to route the provident fund transfer process through previous and current employers, making it simple for employees changing jobs.  
8th pay commission: What is it? Beneficiaries, salary hike for govt employees & more | Details here
The Cabinet has approved the formation of the 8th Pay Commission to revise salaries of Central government employees and pensioners. The commission is expected to be implemented by January 1, 2026, benefiting nearly 50 lakh employees and 65 lakh pensioners.
Mint BFSI Summit | HDFC Pension's Sriram Iyer busts five NPS myths
Speaking at the 17th edition of Mint Annual BFSI Summit on Friday, the HDFC Pension CEO said while financialization kept pace over the past five years, financial planning hasn't.

RBI ramps up forward dollar sales to defend stumbling rupee, traders say

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