Tag: FCNR(B) deposits
$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…
RBI, govt measures could turn India’s balance of payments surplus, ease pressure on rupee: HDFC
New Delhi [India]: India’s balance of payments (BoP) could return to a small surplus instead of recording a third consecutive annual deficit following a series…
Banks can offer loans for FCNR (B), rebook deposits, RBI clarifies
Mumbai: Indian banks and their overseas branches can extend loans to customers against FCNR(B) deposits raised through the RBI swap facility, the central bank clarified….
RBI clears loans, SBLCs against FCNR(B) deposits under swap scheme
The Reserve Bank of India (RBI) on Tuesday clarified that banks can extend loans to non-residents and issue standby letters of credit (SBLCs) against FCNR(B)…
RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30
KOLKATA: The Reserve Bank of India on Wednesday temporarily removed the interest rate ceiling on non-resident deposits allowing banks to go all-out in overseas fund…
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds
The Reserve Bank of India (RBI) on Wednesday temporarily relaxed interest rate restrictions on certain non-resident deposits, giving banks greater flexibility to offer higher returns…
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…