Tag: foreign currency inflows
Posted in Economy
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)…
Posted in Economy
RBI seen in no rush to press rate hike pedal, decision may get deferred to second half of FY27
Mumbai: Timelines for an interest-rate increase by the Reserve Bank of India (RBI) are gradually being pushed further back, with economists now visibly tilting toward…
Posted in Economy
RBI pushes banks to bring more dollars home
MUMBAI: Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B)…