Tag: FCNR(B) deposits
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 forex swap facility: Forex inflows under RBI swap facility rise to USD 143.6 billion
Foreign exchange inflows under the Reserve Bank of India’s special USD-INR forex swap facility have risen to USD 143.60 billion, with Foreign Currency Non-Resident (Bank)…
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…
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India’s banking system attracted $136.38 billion in foreign currency inflows through the Reserve Bank of India’s special dollar-rupee swap facility by August 31, with foreign…
RBI’s great dollar haul: Where are the $73 billion going?
India has pulled off one of the largest and fastest foreign-currency mobilisation exercises ever attempted. In less than 11 weeks, banks and companies have brought…
Forex reserves soar to $707 billion, highest so far in current fiscal
Mumbai: India’s foreign exchange reserves rose $14.1 billion to $707 billion in the week ended August 7, the highest total reserves in this fiscal year….
$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the Reserve Bank of India (RBI) unveiled a package of measures to attract foreign currency, the numbers are beginning to look extraordinary….
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…
Barclays sees RBI holding rates in Aug policy as FCNR(B) inflows ease rupee concerns
Mumbai: The Reserve Bank of India (RBI) is likely to leave the benchmark interest rate unchanged at its August monetary policy review despite elevated inflation,…
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…