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FX DEPOSITS
Oil retreat hands RBI an assist in boosting rupee's near-term outlookA U.S.-Iran peace deal has led to a slump in oil prices, bolstering the Indian rupee. This, combined with the Reserve Bank of India's measu...- Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
- Some lenders hike rates on FX deposits for non-resident IndiansIndian banks have significantly increased interest rates on foreign currency deposits for Non-Resident Indians, with some hikes reaching 35...
- Analysts see RBI measures steadying rupee, push back depreciation forecastsThe Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts...
- RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on holdThe RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipat...
- Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas fundingThe Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these depos...
- Rupee posts biggest daily gain in 2 months, closes at 94.94 vs USD as RBI ramps up currency defenceThe rupee gained 0.9% to end at 94.9450 per dollar, its biggest gain since April 2. Forward premiums, the cost of hedging FX exposure, pl...
- Market wrap: Sensex falls 117 points, Nifty closes below 23,400 after RBI MPC meeting outcome. What lies ahead?Indian stock markets erased morning gains, with Sensex and Nifty closing lower following the RBI's hawkish stance and a wait-and-watch appr...
- Rupee closes at 95.78 vs USD ahead of crucial central bank rate reviewThe Indian rupee declined for a second day ahead of the Reserve Bank of India's monetary policy review, with traders anticipating measures ...
- RBI's $5 billion FX swap subscribed nearly twice overThe swap comes at a time when the central bank continues to defend a rapidly weakening rupee by selling dollars from forex reserves. Such a...
- Rupee plunge sees India turn to 2013 taper tantrum playbookIndia's central bank is considering measures to stabilize the rupee. The currency has fallen to a record low, increasing import costs. The ...
- Rupee under pressure: Weak inflows push India back to familiar defence toolsWith the rupee under pressure and international unrest growing, India is on the lookout for solutions to enhance dollar inflows. One potent...
- Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boilThe rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in ...
- As PM Modi calls for conserving FX, what steps can India take?India's Prime Minister Narendra Modi calls for conserving foreign exchange due to rising oil prices and a weakening rupee. The nation is ex...
- Cash is king again? India’s withdrawals surge 12% in early April, highest since post-demonetisationThe Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of mor...
- India explores steps to mobilise dollar inflows as rupee slides, sources sayIndia's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabili...
- RBI to focus on managing INR volatility over liquidity: Tanvee Gupta JainThe Reserve Bank of India faces a challenging policy review. Global uncertainties and volatile oil prices are key concerns. Experts highlig...
- India FX curbs soften pressure on rupee even as offshore influence lingers, Axis' Gambhir saysThe Reserve Bank of India has tightened foreign exchange rules to shield the rupee from offshore market pressures, including capping banks'...
- FxOption An Online Trading Revolutionary Experience
- Implications of FCNR-B outflow for financial markets and banking systemIndia will witness a likely $26 billion outflow of FCNR-B deposits, raised under a special Reserve Bank of India (RBI) scheme in 2013 aimed...
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