Tag: dollar inflows
After a dash for hot dollars, India dives deep for sticky money
A proposal to raise the threshold for foreign direct investment (FDI) projects requiring Cabinet Committee on Economic Affairs approval from Rs 5,000 crore to Rs…
India’s next billion dollars from abroad may depend on easier visas
India’s remittance boom has powered through global crises, geopolitical tensions and economic slowdowns, helping make the country the world’s largest recipient of money sent home…
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
India’s efforts to attract foreign capital have drawn in $32 billion so far, RBI Governor Sanjay Malhotra said in a media interview, with the bulk…
RBI remains watchful of global, monsoon situation says Sanjay Malhotra
Reserve Bank of India (RBI) remains in “wait and watch” mode with regards to the evolving geopolitical situation and the progress of monsoon but has…
PSUs to get concessional forex swaps to boost external borrowings
Mumbai: Reserve Bank of India (RBI) will unveil a concessional foreign exchange swap facility valid until September 30 to incentivise external commercial borrowings (ECBs) by…