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Indian jewellers may earn up to 1% incentive under revamped Gold Monetisation Scheme: IBJAIndian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion...
Kotak sees India posting BoP surplus in FY27; expects 50 bps rate hike in second halfIndia anticipates a balance of payments surplus in FY27. Stronger capital inflows and higher foreign direct investment will support this po...
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...
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says thisThe Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars i...
India's next billion dollars from abroad may depend on easier visasIndia's record remittance boom faces a new long-term challenge as tighter immigration policies in developed economies threaten the pipeline...
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...
SBI, HSBC and ICICI lead India's overseas deposit drive, data showsHSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion...
RBI special windows seen big enough to bring in $100BIndia's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over f...
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...
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...
5 World Market themes for the week aheadGlobal markets face significant turbulence this week from multiple sources. AI-linked stocks are experiencing unprecedented volatility as i...
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 ...
Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
Curb risk of competition law violations being internalised as cost of doing biz: Parliament panel to CCIA parliamentary panel recommends vigorous enforcement of penalty guidelines by the Competition Commission of India. These guidelines aim to...
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...
Rupee languishes at two-month lows as supply worries raise oil pricesThe Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an e...