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RESERVE BANK OF INDIA INITIATIVES
RBI warns food, fuel costs could reignite broader inflationMost high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise exports and imports experienced do...- RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
- ICICI raises $1 billion, Union Bank $600 million through dollar bondsICICI Bank raised $1 billion through a five-year private dollar bond, while Union Bank of India secured $600 million in its first internati...
- Fino Payments Bank board extends tenure of interim CEO by another three monthsFino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extens...
- India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threatIndian government bonds remained steady as traders awaited oil price movements. US sanctions on Iran could impact global crude prices signi...
- Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surgeCitigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allo...
- Hawkish MPC, West Asia conflict cloud rupee, bond yield outlookIn light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for the rupee and bond yields appears un...
- India gets $72.8 billion in dollar inflows under RBI swap facilityIndia has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency b...
- India raises $72.8 billion via overseas deposits, loans, central bank saysIndian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians a...
- Gold regains momentum as weak dollar, safe haven demand and seasonal buying support pricesGold prices have surged sharply in August, supported by a weaker U.S. dollar, expectations of monetary easing, geopolitical tensions, and s...
- India's foreign exchange reserves up almost $50 billion since JulyIndia's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantl...
- ICICI Bank doubles borrowing from overseas markets to $5 billionICICI Bank has taken a significant step by doubling its overseas borrowing limit to five billion dollars. This strategic decision enhances ...
- India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen...
- HDFC Bank's record dollar bond sale makes it top issuer under RBI windowHDFC Bank has achieved a remarkable feat by securing $1.75 billion through a dual-tranche dollar bond issuance, marking the largest single ...
- India eases rules for rupee export payments, seeks to widen trade settlementIndia has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider u...
- Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
- Rupee spins wheels in thin band, shorts await fresh entry pointsThe Indian rupee traded in a narrow range on Thursday, supported by central bank actions. Global factors showed limited impact as the Reser...
- Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guardOn Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. ...
- Kotak Mahindra Bank joins peers in tapping dollar debt before RBI window shutsKotak Mahindra Bank successfully raised $650 million through its five-year dollar bonds. This issuance occurred at a coupon rate 27 basis p...
- ICICI Bank dollar debt fundraising tops $2 billion in a month: BankersICICI Bank triumphantly secured $750 million through a fresh dollar bond issuance, making it the bank's third successful fundraising attemp...
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