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RBI FX SWAP FACILITY
India bonds dip as RBI's diaspora swap move dents sentimentEarly Monday saw a dip in demand for Indian government bonds following the RBI's closure of its swap window. This decision caused the bench...
RBI cuts FX swap window short after NRI deposits cross $50 billionThe Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from...
ET Analysis: RBI’s FCNR U-turn dents policy certaintyThe RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 bil...
Banks may rush to tap short loans abroadBankers said some lenders now plan to borrow more short-term funds, possibly at a higher rate, to finance the promised leverage to FCNR(B) ...
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
Indian Bank plans to garner $400 million via ECB this week: MD Binod KumarIndian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through...
Forex reserves soar to $707 billion, highest so far in current fiscalIndia's foreign exchange reserves saw a notable increase, rising by $14.1 billion to hit a significant $707 billion. This boost included a ...
RBI to close FCNR(B) swaps a month earlier due to gushThe Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows....
RBI shortens FCNR (B) deposit swap window to Aug 31The Reserve Bank of India has shortened the swap facility window for FCNR(B) deposits. This decision comes after observing higher-than-expe...
RBI to close FCNR(B) forex swap facility early after strong dollar inflowThe Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows to...
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...
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...
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...
India bonds rally on 'dovish' RBI hold, lower oil pricesIndian government bonds surged on Wednesday, with yields falling below important levels. The Reserve Bank of India decided to keep the repo...
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...
Indian Oil raises $500 mn under RBI's concessional forex swap window, eyes moreIndian Oil Corporation secured five hundred million dollars through a special Reserve Bank of India swap facility. This concessional forex ...