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DOLLAR DEPOSIT SCHEME
India bonds inch up as traders assess RBI liquidity stepsIndian government bonds climbed on Tuesday as investor sentiment shifted, responding favorably to the Reserve Bank of India's recent tempor...
Reliance set to return to bond market after 3 years, eyes Rs 12,500 crore fundraise: ReportsReliance Industries is set to launch a bond sale worth 125 billion rupees, marking a significant comeback to the rupee bond market after al...
RBI's liquidity test may set future courseThe Reserve Bank of India is currently grappling with a notable liquidity dilemma due to a surge in FCNR(B) scheme inflows. To navigate thi...
Ahead of the curve in managing inflationHeadline inflation is rising, driven by food and fuel, while wholesale prices approach ten percent. Core inflation remains stable, and the ...
Bumper FCNR(B) inflows may dilute banks' margins but boost earnings by up to Rs 11,000 crore: JefferiesThe FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-t...
Banks offer semi-fixed loans to deploy surplus liquidityBanks are deploying surplus liquidity through new mortgage products. HSBC and Kotak Mahindra Bank lead with semi-fixed home loan options. T...
Centre sees no cost pain for RBI on dollar delugeThe Reserve Bank of India anticipates minimal costs from significant forex inflows. High interest rates on US treasuries are expected to of...
Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources sayIndian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...
How RBI could tackle a liquidity deluge triggered by dollar depositsThe RBI’s special dollar deposit scheme attracted a massive $127.23 billion, pushing India’s banking system liquidity surplus to a record ₹...
India's bank liquidity surplus hits all-time high riding flood of dollar depositsIndia’s banking system liquidity surplus has surged to a record ₹9.7 trillion ($102.67 billion), surpassing the previous peak seen in Septe...
India bonds gain as RBI FX inflows lift liquidity, spur short-term debt buyingIndian government bonds saw gains early Thursday, led by shorter-term debt. Larger dollar inflows boosted rupee liquidity and improved sent...
Explained: What $127 billion FCNR(B) inflows mean for ICICI Bank, HDFC Bank, other bank stocksClosing the FCNR(B) scheme has led to a noteworthy increase in dollar inflows, which has positively impacted foreign exchange reserves. Ind...
- Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raise...
India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rallyOn Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign cu...
Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflowsIndia's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident dep...
RBI backstop keeps Indian rupee stable, blunting importer dollar demand impactThe Indian rupee showed little movement on Wednesday, hovering in a narrow range. Support from the Reserve Bank of India helped mitigate th...
Indian banks slash FCNR deposit rates by up to 310 basis pointsIndian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of...
Rupee gains this week as dollar supply surges ahead of deposit window's closeThe Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposi...
Rupee dips, reversing intraday gains, as importer dollar demand dominatesThe Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand increased, and month-end pressures ...