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3 min readNew DelhiJul 9, 2026 03:59 PM IST Carrying too much currency, whether it is local cash or foreign banknotes, is one of the fastest ways to be detained, questioned, and have your funds seized at an airport, says aviation expert K Anuradha Suresh, a retired Senior AGM at Air India. She noted that people often think, ‘It’s my hard-earned money, why can’t I carry it?’ but from an aviation security and global banking perspective, “airports act as frontline checkpoints for anti-money laundering (AML) and counter-terrorist financing (CTF) regulations”....

India's foreign exchange reserves have surged, showing a notable increase of USD 2.294 billion, bringing the total to USD 698.950 billion as of the week ending June 13, according to official figures from the Reserve Bank of India.During the recent monetary policy meeting, RBI Governor Sanjay Malhotra assured that this significant forex reserve is sufficient to cover 11 months of imports and approximately 96% of India's external debt. The reserves are approaching the all-time high mark of USD 704.89 billion recorded in September 2024.RBI data highlights that the foreign...

A proposed 5% US tax on remittances sent abroad by non-citizens is causing significant concern in India, as experts warn it could adversely affect Indian households and the rupee's value. Economic think tank Global Trade Research Initiative (GTRI) shared these concerns on Sunday.The tax forms part of 'The One Big Beautiful Bill,' introduced in the US House of Representatives, targeting money transfers by non-citizens, including green card holders and temporary visa workers. However, the levy exempts US citizens.India, receiving USD 120 billion in remittances in 2023-24, with 28% of...