Tag: FCNR(B) scheme
MDR a small fee, will not have major impact on UPI volumes: RBI Guv Malhotra
Mumbai: Reserve Bank of India Governor Sanjay Malhotra on Wednesday said levying a “small fee” in the form of merchant discount rate (MDR) will not…
foreign exchange reserves: Safety most important in managing forex reserves says RBI Deputy Governor Rohit Jain
Mumbai: Safety of foreign exchange reserves is the most important consideration before the Reserve Bank of India (RBI) because reserves are ultimately borrowed funds which…
RBI FCNR(B) deposits: RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs
The Reserve Bank of India has upwardly revised the amount mobilised under its special Foreign Currency Non-Resident (FCNR-B) deposit scheme to around USD 133 billion…
RBI’s liquidity test may set future course
Mumbai: The outcome of the 30-day variable rate reverse repo (VRRR) auction to absorb ₹7 lakh crore will be a key determinant of how the…
RBI’s FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
New Delhi: The Reserve Bank of India‘s (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised…