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FOREIGN EXCHANGE INFLOWS 2023
Banks continue to garner FCNR deposits at a brisk paceIndian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial fore...- Central Bank of India mobilises $250 million under FCNR (B) window: CEO Kalyan KumarCentral Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million...
- 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 ...
- 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...
- SGX to drop India-linked single-stock futuresThe Singapore Stock Exchange's recent decision to halt trading in single stock futures linked to Indian equities marks a pivotal shift, lik...
- Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...
- 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...
- 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...
- $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...
- SBI, HSBC lead FCNR(B) deposit mobilisationForeign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are le...
- RBI appoints Monisha Chakraborty as executive directorThe Reserve Bank of India has appointed Monisha Chakraborty as Executive Director. She will now oversee foreign exchange and financial mark...
- RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
- RBI special windows seen big enough to bring in $100BIndia's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over f...
- India sees dollar deposit deluge on FCNR(B) waveFCNR(B) deposits accounted for $36.72 billion of the inflows, exceeding the $26 billion mobilised under a similar scheme in 2013, in less t...
- RBI's FCNR, forex schemes draw $40.81 billion in inflows so farSignificant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India f...
- 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....
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