Tag: FCNR deposits
Full flow FCNR deposits could hit $100 billion, beat estimates
Mumbai: Strong momentum in foreign currency non-resident (bank), or FCNR (B), deposit inflows over the past week has prompted some analysts to raise their estimates…
India gets $72.8 billion in dollar inflows under RBI swap facility
India has received dollar inflows of $72.8 billon under special swap facility foreign currency non resident (bank) FCNR (B), external commercial borrowings (ECBs) and overseas…
RBI’s early FCNR(B) deposit scheme closure ‘data-driven’ or a policy U-turn? Governor Malhotra explains
Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted that the decision to advance the closure of Foreign Currency Non-Resident (Bank), or FCNR(B) deposit scheme…
RBI shortens FCNR (B) deposit swap window to Aug 31
Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…
RBI’s FCNR, forex schemes draw $40.81 billion in inflows so far
MUMBAI: Steps by India’s central bank to draw more capital flows into the country and support the rupee have brought in $40.81 billion, according to…
RBI’s reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
New Delhi: The Reserve Bank of India‘s announcements after the monetary policy committee meeting are some measures aimed at flipping the rupee narrative from depreciation…
For a few dollars more: Inflation bypass can hurt
It is a bit of a puzzle for a Monetary Policy Committee with an inflation-targeting mandate to unanimously vote for keeping policy rates and stance…