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RBI HEDGING COST ANNOUNCEMENT
HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...03 Aug, 2026, 01.05 PM IST- 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...02 Aug, 2026, 06.26 AM IST
- 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...01 Aug, 2026, 02.14 PM IST
- PNB raising $1 billion for FCNR on-lendingPunjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coor...01 Aug, 2026, 12.55 AM IST
- 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 ...31 Jul, 2026, 08.38 PM IST
- Plastic notes in India coming soon: Why govt wants polymer banknotes, which countries use them and how these currencies helpWhy is RBI introducing plastic notes?The government's approval for RBI polymer notes has renewed focus on why RBI plastic notes are needed....30 Jul, 2026, 06.58 PM IST
- $32 billion inflows from India's forex drive yet to boost rupeeIndia's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupe...30 Jul, 2026, 10.10 AM IST
- SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resourcesState Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to...29 Jul, 2026, 12.31 AM IST
- 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...28 Jul, 2026, 07.46 PM IST
- Higher FCNR and NRE FD interest rates: This bank revises NRE rates to 7.60% and FCNR rates to 7.40%; check detailsAU Small Finance Bank has raised interest rates on FCNR(B) and NRE fixed deposits. These new rates are effective from July 27, 2026, for sp...28 Jul, 2026, 02.08 PM IST
- Kotak Mahindra Bank taps HSBC and CTBC for $600-million overseas loanKotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term ...28 Jul, 2026, 12.32 AM IST
- Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...27 Jul, 2026, 12.45 PM IST
- RBI, govt measures could turn India's balance of payments surplus, ease pressure on rupee: HDFCRecent policy measures may shift India's balance of payments to a surplus. These actions aim to attract significant capital inflows and str...25 Jul, 2026, 02.28 PM IST
- More banks may join overseas bond run after ICICI Bank’s bumper dollar bond saleICICI Bank successfully raised one billion dollars through its inaugural dollar bond sale. This strong investor demand allowed the bank to ...25 Jul, 2026, 09.29 AM IST
- More banks may join overseas bond runICICI Bank's $1 billion dollar bond sale via GIFT City, which drew strong global investor demand and secured lower borrowing costs, is expe...25 Jul, 2026, 01.03 AM IST
- UAE’s top bank to offer $1.5 billion for NRIs investing in RBI's forex deposit programFirst Abu Dhabi Bank is offering up to $1.5 billion in financing to non-resident Indians investing in India's foreign-currency deposit sche...24 Jul, 2026, 11.48 AM IST
- ICICI Bank eyes $500 million dollar bond issue via GIFT CityICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBI’s concession...21 Jul, 2026, 07.51 PM IST
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