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RBI FOREX SWAP FACILITY
RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI ResearchFCNR(B) deposits: In FY27, India is anticipated to enjoy a balance of payments surplus amounting to USD 50 billion, driven by robust foreig...
Rupee falls 7 paise to 95.68 against US dollar in early tradeIn early trading, the rupee slipped by seven paise, settling at 95.68 against the US dollar. Factors such as soaring crude oil prices and h...
FCNR(B), nothing magical about itThe Reserve Bank of India is prematurely closing a special window for FCNR(B) bank deposits from the Indian diaspora, originally set to end...
FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research reportSBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging c...
India bonds sink on RBI's early close of FX swap facilityThe Indian government bond market experienced a dip in demand on Monday, leading to higher yields. In an unexpected move, the central bank ...
Rupee slips as sentiment drags on RBI curtailing FX inflow windowThe Indian rupee slipped against the US dollar on Monday as the central bank's surprise move to shorten its forex swap timeframe rattled th...
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...
Rupee falls 17 paise to 95.59 against US dollar in early tradeIn early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of I...
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...
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...
India records $8.1 billion deficit in April-June balance of payments, June turns surplusIndia's balance of payments account recorded an $8.1 billion deficit in the first quarter. This shift occurred as overseas investors withdr...
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...
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...
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...
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...
Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
Govt companies request RBI to extend concessional forex swap by three monthsPublic sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar cost...