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FOREIGN CURRENCY MOBILISATION
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...- Rupee dips on week as oil pangs linger, intervention prevents fall past 96/USDThe Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions ...
- RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explainsRBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent cali...
- Indian Bank raises $400 million for four yearsIndian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping glo...
- RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI ResearchFCNR(B) deposits: In FY27, India is anticipated to enjoy a balance of payments surplus amounting to USD 50 billion, driven by robust foreig...
- FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research reportSBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging c...
- Rupee falls 17 paise to 95.59 against US dollar in early tradeIn early trading, the rupee slipped by 17 paise against the US dollar as investor sentiment turned cautious following the Reserve Bank of I...
- Rupee faces pressure as RBI defends 95.45 against dollar amid rising crude oil pricesThe Reserve Bank of India is defending the rupee at 95.45 against the dollar. Traders are closely watching crude oil prices amid West Asia ...
- RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
- Indian Bank plans to garner $400 million via ECB this week: MD Binod KumarIndian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through...
- 'India was, is and will be one of fastest-growing economies': SBI ResearchIndia remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate...
- RBI to close FCNR(B) swaps a month earlier due to gushThe Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows....
- RBI shortens FCNR (B) deposit swap window to Aug 31The Reserve Bank of India has shortened the swap facility window for FCNR(B) deposits. This decision comes after observing higher-than-expe...
- RBI to close FCNR(B) forex swap facility early after strong dollar inflowThe Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows to...
- Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
- Banks continue to garner FCNR deposits at a brisk paceIndian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial fore...
- Central Bank of India mobilises $250 million under FCNR (B) window: CEO Kalyan KumarCentral Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million...
- After a dash for hot dollars, India dives deep for sticky moneyThe government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it s...
- Govt taps inputs from public sector banks to lure foreign capitalGovernment will meet state-owned lenders to attract foreign investment. This aims to stabilize the rupee and bridge the current-account gap...
- 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...
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