Tag: FCNR deposits
Posted in Economy
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…
Posted in Economy
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…
Posted in Economy
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…