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FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow inThe optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that h...
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...
India bonds fall as Middle East escalation drives oil above $90On Tuesday, Indian government bonds experienced a downturn, attributed to escalating crude oil prices. The pressure was further compounded ...
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...
Rupee firms as oil retreats, traders gauge flow momentum under RBI measuresThe Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict a...
Indian banks mobilise $20.7 billion under RBI's special incentive windowIn a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...
Pakistan can hit an oil jackpot amid a widening US-Iran warGulf states are seeking military partnerships with Pakistan amid regional tensions. Pakistan could gain oil and investment while deepening ...
Macros strong, but weak rains, war can hit growth: RBI Guv Sanjay MalhotraThe Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despi...
West Asia crisis, uncertain monsoon major risks for growth: RBI Governor Sanjay MalhotraReserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent re...
India's current account slips into $2 billion deficit in May as trade gap widensIndia's financial landscape shifted in May, marked by a current account deficit alongside a narrower capital account deficit. The total bal...
India posts $2 billion current account deficit in May as trade gap widensIndia experienced a significant current account deficit of $2 billion in May 2026, primarily driven by a surge in merchandise imports that ...
India's capital account surplus may rise to $105 billion in FY27: Motilal OswalIndia's capital account surplus is expected to reach USD 105 billion in FY27. Stronger foreign capital inflows and improved portfolio inves...
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 ...
Rupee's fall past 96/USD erases rally spurred by dollar inflow measuresThe rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in t...
FM Nirmala Sitharaman calls for enhanced NRI outreach to sustain foreign currency mobilisation momentumFinance Minister Nirmala Sitharaman urged banks to enhance outreach to Non Resident Indians. Banks are offering attractive returns on forei...
Global headwinds to cap rupee gains through 2026: ET PollThe Indian rupee is projected for a slight recovery in coming months. Economists anticipate the rupee will rise just above 94 to the dollar...
RBI rate hike: Interest burden for Indians may go up later this year amid inflation risksThe Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising co...
Rupee little changed as traders tread gingerly with eye on oil, dollarThe Indian rupee traded narrowly on Friday, supported by a softer dollar and stable oil prices. Asian currencies and regional stocks saw ga...
Jewellers may be louped in for idle gold mobilisationThe government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount...
RBI's dollar inflow measures buy time, but external risks remainThe Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabiliz...