Varinder Bansal 🇮🇳

Trump and Vance both electronically signed the MOU with Iran. @mb_ghalibaf signed from the Iranian side, U.S. official said

#JustIn | #USTrade Team To Visit #India On June 23-24, Says #CommerceSecy

I welcome the understanding reached between the United States and Iran on ending the conflict in West Asia, which has caused serious economic disruption across the world and led to loss of life in many countries. India hopes that the implementation of this understanding will help restore peace and stability in the region and ensure the freedom of navigation and commerce. We look forward to deliberations on the remaining issues reaching a sustainable final agreement.

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Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon. The official signing ceremony will be on Friday, 19 June in Switzerland. We would like to thank the United States of America and the Islamic Republic of Iran for their commitment to finding a diplomatic solution to the conflict. We would also like to extend our sincere appreciation to our brothers in this mediation effort, the great leadership of State of Qatar, for their support in reaching this agreement. I would also especially thank the visionary leadership of Kingdom of Saudi Arabia and Republic of Türkiye for their immense contributions in this regard. With the agreement now in place, mediators will facilitate a series of meetings this week. These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony. @realDonaldTrump @JDVance @SecRubio @SteveWitkoff @SEPeaceMissions @drpezeshkian @mb_ghalibaf @araghchi

🚨🇺🇸🇮🇷President Trump claimed in a short interview with me that the signing of the U.S.-Iran deal for ending the war is still on track for Sunday deapite of the Israeli strike in Beirut and the Iranian threat to retaliate

New media post from Donald J. Trump ( TS: Jun 13 2026, 9:48 AM ET )​​​‍​​‌‍​​‌‍​​​​​​​‌‍​​​​​​​​‌‍​​​​​‌‍​​​​‌‍​​‌‍​​‌‍​​​‌‍​​​​​‌‍​‌‍​​​‌‍​​‌‍​​​​​​​‌‍​‌‍​​​​​​​​​​‌‍​​​​​​​​​‌‍

Trump reposts Araghchi.

Dreams come true 🫡

A movie scene came to mind this morning — the petal-plucking game of “he loves me, he loves me not.” Similarly, these days it is “Trump has ended the war, Trump has not ended the war.” Headlines move markets for a day, yet many still do not trust Trump after several conflicting claims and U-turns over the last 100 days. A reminder: during the Covid period, the bottom was not made in a day — it was a process marked by frustration and confusion. Bottoming is a process, never a single-day event.

Wendt is clearly a stock to watch from Muruguppa group if someone has patience for the next few years. D: invested and biased.

Hopefully no u-turn this time 🤞

Some final outcome is much needed after over 100 days of threats, noise and drag.

*Let me tell you in simple way - Why RBI measures is BIG news for financials: VB* India needs dollars. Not rupees — actual US dollars. That's because India buys a lot of things from other countries (like oil and machines) and pays in dollars, and having a big pile of dollars saved up keeps our rupee steady and the country safe. Think of dollars as the "fuel tank" of the economy. India's main bank — the RBI, which is like the "captain of all banks" — wants to fill that fuel tank quickly. So it has opened two special doors to let dollars flow in: 1.FCNR-B — Inviting Indians living abroad to keep their dollar savings in Indian banks. 2.ECB — Letting Indian banks and big government companies borrow dollars from foreign lenders. To make people excited to bring their dollars, RBI sweetened the deal in two big ways. First, banks used to pay a kind of insurance cost (about 3.5% last time, in 2013) to protect against currency ups and downs — this time RBI says "don't worry, I'll cover that cost for you." So the deal is cheaper for everyone. Second — and this is the clever part — RBI is allowing something called leverage. Here's the pocket-money way to picture it: imagine you put in ₹10 of your own money, and the bank lets you play the game with ₹100 (that's 10 times more). Even a tiny profit on ₹100 feels huge compared to your original ₹10. That's exactly why investors abroad will rush in — a small gain (1.5–2%) becomes a big-looking return (17–27%) once it's multiplied 7–10 times. Why it's big news: India tried something similar in 2013 and pulled in about $34 billion, which really helped the country at a tough time. This time the deal is better, so the expectation is $50–70 billion — almost double. That much money pouring in helps keep the rupee stable, fills the dollar fuel tank, and gives banks more money to lend out (which helps the whole economy grow). Banks benefit most, and most directly. Here's the plain reasoning: The two doors RBI opened are mainly bank doors. FCNR-B is a bank-only product — only banks can collect these dollar deposits, so the spread and the funding land straight on bank balance sheets. The ECB window here is opened to banks and government companies (PSUs), again putting banks at the front of the queue. The 2013 playbook tells the same story — HDFC Bank pulled in the largest pool (about $3.4 billion), followed by ICICI, SBI and a few foreign banks. The banks that move fastest and have the strongest overseas customer networks tend to grab the biggest share. NBFCs benefit too, but second-hand. They aren't allowed to collect FCNR-B deposits, so they don't sit at the door. Their gain is indirect: when banks suddenly have a flood of cheap dollars and rupee liquidity, the overall cost of money in the system tends to drift down. NBFCs borrow heavily from banks, so cheaper, more plentiful bank funding eventually makes life easier and margins better for them — especially the larger ones. (Some big NBFCs can also tap ECB directly under the general rules, but that's a smaller, separate channel from this special window.) Hope this helps.

Excellent explanation. The headline isn't just about attracting dollars—it's about lowering funding costs, strengthening the rupee, and improving system liquidity at the same time. In 2013, banks were among the biggest beneficiaries. If inflows approach the projected $50–70 billion this time, the impact could extend well beyond banks and eventually support the broader credit cycle too.