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OVERSEAS FOREIGN CURRENCY BORROWINGS
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...
US debt hits $40 trillion. Here’s how Washington has tackled funding crises beforeAmerica has historically faced significant debt challenges and devised new funding methods. During the Civil War, new buyers were created f...
Coinbase's India return: How a bespoke rupee on-ramp changes the game for foreign exchangesOperating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frame...
Currency hedging to add 6-8% to green project financing costs: CII-IIMA reportCurrency hedging could increase India’s green project financing costs by 6–8% annually, potentially deterring global institutional investor...
Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...
Lenders may turn to OFCB route to raise more funds abroadIndian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic...
Global Market: Japanese businesses turn to currency hedging as weak Yen drives up import costsJapanese businesses are increasingly turning to longer-term supplier agreements and currency hedging as the yen’s prolonged weakness raises...
Global Market: Fiscal dominance debate takes centre stage as government debt mountsRising government debt and borrowing costs are bringing the issue of fiscal dominance back into focus, with concerns that central banks cou...
RBI’s great dollar haul: Where are the $73 billion going?India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹...
RBI's concessional swap scheme mobilises $73 bn in less than 11 weeksThe RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounti...
Gold loan portfolio to surpass Rs 1.5 lakh crore by FY27-end: Indian Bank MDIndian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volum...
India gets $72.8 billion in dollar inflows under RBI swap facilityIndia has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency b...
India raises $72.8 billion via overseas deposits, loans, central bank saysIndian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians a...
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...
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...
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...
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....