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FOREX RESERVES RECORD SURGE
Rupee sees sharpest weekly drop in four months on oil worriesThis week saw the Indian rupee tumble more than one percent against the dollar, primarily influenced by surging oil prices. Central bank in...
Rupee falls 27 paise to 95.79 against US dollar in early tradeThe rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent fore...
Rupee slumps 38 paise to close at 95.46 against US dollarThe Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising abov...
RBI may not need immediate CRR hike as liquidity surplus likely to moderate: UBI ReportThe Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidit...
RBI turns to longer-dated VRRR for liquidity mop-upIn an effort to control escalating inflation, the Reserve Bank of India is running auctions to draw in surplus liquidity from the financial...
Forex reserves hit record $740.8 billion, lift rupeeBy the end of August, India recorded an unprecedented $740.8 billion in foreign-exchange reserves, which has significantly fortified the va...
RBI turns to 30-day VRRR to absorb excess liquidityThe Reserve Bank of India is conducting auctions to absorb excess funds. This liquidity stems from special dollar mobilization programs and...
RBI mops up Rs 6.02 lakh crore through VRRR auctions against a Rs 8.50 lakh crore planThe surplus liquidity in the system rose to a record high of Rs 10.3 lakh crore as of September 3, forcing the central bank to step up liqu...
India's forex reserves rise by $11.47 billion to hit record high of $740.80 billion as of August 28India's foreign exchange reserves saw a substantial increase of $11.475 billion. This brought the total reserves to $740.8 billion by Augus...
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...
FCNR flows to complicate liquidity management, lead RBI to deploy more tools: EconomistsHigher FCNR(B) inflows are complicating the Reserve Bank's liquidity management. The banking system currently holds excess liquidity at a f...
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...
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....
RBI's net short forward positions hit record $137 billion in JulyThe Reserve Bank of India's net short forward positions soared to a record high of $137 billion in July, driven by long-term swaps related ...
At $729 billion, India's forex kitty a recordIndia's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a speci...
India's forex reserves hit record high of $729.33 billion after $12.4 billion weekly jumpIndia's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation'...