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INDIA DOLLAR INFLOWS
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
Gold, silver ETF inflows plunge in July. Is it time to book profits or stay invested?In July, there was a notable drop in inflows for gold and silver ETFs, despite high prices for precious metals. Analysts attribute this dow...
Rupee falls 8 paise to 95.38 against US dollar in early tradeIn early trading on Tuesday, the rupee fell by eight paise against the US dollar, closing at 95.30 from the previous day. Ongoing tensions ...
French lender's India treasurer pegs rupee floor near 'fair value' of 96 per dollarThe Indian rupee is poised for stability against the dollar throughout this financial year. Initiatives to entice dollar investments and a ...
Rupee weakness cushioned by central bank intervention, shorts grow waryThe Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. Stat...
After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
Rupee falls 8 paise to 95.25 against US dollar in early tradeThe rupee has fallen eight paise to 95.25 versus the US dollar as of Monday, influenced by a strengthening dollar and surging global crude ...
Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
FIIs now backing India's consumers, not capex: July data reveals major rotationForeign investors returned to Indian equities in July, but their buying reflected selective, defensive positioning. Consumer services, heal...
India's forex reserves jump $10.5 billion to over two-month high of $692.87 billion as of July 31India's foreign exchange reserves saw a significant rise of over ten billion dollars. This surge pushed the nation's reserves to their high...
Rupee nudges up on-week; traders stay cautious as oil firms, US payrolls loomThe Indian rupee maintained stability on Friday, showing a small improvement over the week. The central bank's intervention helped alleviat...
RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billionThe Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to on...
Liquidity to peak in Sept, but big surplus won't last long: RBIThe Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher curre...
No case for early closure or extension of swap window: RBIThe Reserve Bank of India will not close the swap window early. Robust foreign currency inflows have strengthened India's balance of paymen...
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
Competing cues, caution ahead of RBI policy decision keep rupee nearly flatThe rupee remained stable as traders awaited the Reserve Bank of India's policy announcement. Foreign bank dollar sales and importer hedgin...
$100 bn in sight: India is rolling in dollars but what about the rupee?Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) depos...
India bonds end flat as oil drop offsets index setbackOn Monday, Indian government bonds experienced a flat close following a day of volatility. A sharp decline in oil prices provided some resp...
SBI, HSBC and ICICI lead India's overseas deposit drive, data showsHSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion...
Forex kitty grows $6 billion as dollar count risesIndia's foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682....