Tag: emkay global financial services
Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
Foreign currency non-resident bank (FCNR-B) deposits mobilised by banks under the special Reserve Bank of India (RBI) window stood at $132.9 billion according to inflows…
RBI rate hike imminent? Fed’s move pressures India to tighten monetary policy amid rising inflation
Mumbai: Calls for India to join central bank peers from Tokyo to London in tightening rates have grown louder after Washington, despite looming midterm polls,…
‘Fed’ up with inflation? US rate hike leaves RBI with an October-or-December dilemma, economists say
The US Federal Reserve’s return to interest rate hikes is turning up the pressure on India, pushing the rupee past 96 against the dollar and…
Record FCNR (B) inflows as banks mobilise $127 bln
Mumbai: Banks have mobilised a whopping $127.22 billion from foreign currency non-resident (bank) FCNR (B) deposits in less than three months till the scheme closed…
RBI special windows seen big enough to bring in $100B
Mumbai: India’s latest suite of dedicated forex-inflow programmes could net about $100 billion, nearly three times the proceeds from the last such exercise during the…
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as…
Standstill in India gold imports drags on, threatens supply
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages…
Gold prices to stay buoyant on Fed cuts, festive buying and global concerns
Gold prices are expected to remain buoyant in the coming week as a combination of global monetary easing, festive demand in Asia, central bank purchases…