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Finance & Markets

India raises $73 bn in forex inflows at record pace

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, the finance ministry said.

India raises $73 bn in forex inflows at record pace

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Treasury Expands Iran Sanctions Without Targeting Major Chinese Banks

The Trump administration has revealed the details of its “economic D-Day” campaign against Iran, expanding secondary sanctions that threaten foreign companies with exclusion from the U.S.

  • Treasury expands Iran sanctions to digital assets, technology, gold, aviation, and shipping sectors.
  • China remains major buyer of Iran's seaborne oil, comprising over 80% of imports.
  • Treasury did not sanction major Chinese banks involved in Iran oil transactions.

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