Rbi Archives - 9xm News

Indian buyers warned: Using international credit cards for Dubai property payments, violates RBI rules | World News

Indian buyers using international credit cards for Dubai property risk violating FEMA, bypassing RBI’s $250,000 LRS, and facing penalties/Representative Image Indian buyers investing in overseas real estate, particularly in Dubai, have been cautioned against using international credit cards (ICCs) for down payments. Such transactions can violate Indian foreign exchange laws and attract serious legal and […]

‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra

In his first interview since taking over as RBIgovernor, Sanjay Malhotra tells TOI’s Mayur Shetty & Sidhartha that while tariffs can have a short-term impact on economic growth, India’s status as the world’s fastest-growing economy won’t be impacted.On rupee volatility, he said RBI doesn’t target a specific rupee-dollar rate. And on FDs, the governor said […]