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RECORD HIGH FOREX RESERVES
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...
NRI deposit inflows dip 23%; FCNR draws 124% moreNon-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experi...
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 ₹...
Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
India raises $73 bn in forex inflows at record paceIndia has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) ...
Consumer giants' forex earnings shine despite gobal woesLeading Indian manufacturers significantly increased exports in the last fiscal year. These companies collectively achieved net foreign exc...
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...
Hawkish MPC, West Asia conflict cloud rupee, bond yield outlookIn light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for the rupee and bond yields appears un...
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...
India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen...
Cross-border trade in local currencies reduces transaction costs: RBI deputy governorLocal currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be lever...
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...
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...
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...
Forex reserves up by $14.1 billion to $707 billionIndia's foreign exchange reserves saw a jump of over fourteen billion dollars. Foreign currency assets and gold reserves contributed substa...