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RBI FOREIGN RESERVES
RBI sold $6.1 bn in May as oil weighed on the rupee and foreign inflows showed signs of revival: BulletinThe Reserve Bank of India sold six point one billion dollars in May. This intervention occurred amid global market volatility and geopoliti...- RBI sold $6 billion in May to defend oil-hit Indian rupee, data showsThe Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the ru...
- External sectors steady despite geopolitical uncertainties: RBIIndia's external sector shows steady improvement, boosted by foreign investment inflows. The economy remains strong despite global uncertai...
- RBI likely used dollar deposit surge to cut record FX forward book, economists sayReserve Bank of India likely used deposit inflows to reduce its forward book. This action helped the central bank manage its near-term doll...
- RBI plans unified code for foreign investment in equity instrumentsThe Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign...
- Diaspora dollars are coming, but India needs export resilience, not quick fixesThe Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks hav...
- Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS FinanceBanks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five...
- RBI issues draft for future-ready rules related to foreign investmentsThe Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. I...
- Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facilityForeign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twen...
- EbixCash becomes first non-bank entity to get RBI nod for trade remittancesEbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handl...
- PNB to foray in acquisition finance in third quarter: MD ChandraPunjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in ...
- Indian rupee gains as oil comes off; inflows, RBI intervention in focusThe Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran,...
- India's outward FDI drops 48% to $3 billion in JuneOutward foreign direct investment commitments dropped by 48 percent in June. Equity commitments also saw a substantial decrease compared to...
- Is RBI asking people to pay Rs 7,500 in tax to get Rs 1 lakh payment? Here’s the truthA fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 lakh payment is on hold due to tr...
- India's forex reserves rise $964 million to $675.16 billion for week ended July 10India's foreign exchange reserves increased by $964 million to $675.16 billion. Foreign currency assets, the largest component, grew by $93...
- India, UAE central banks said to hold talks on FX deposit issuesIndia and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in...
- India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: ReportIndia has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves ...
- Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflowsFinance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign curr...
- Forex reserves rise $7.3 billion as FCNR & ECB flows pick upThe country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest...
- India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 3...
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