Tag: idfc first bank
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 repo rate: SBI Research, IDFC First expect rate hike in October as crude prices climb: Higher oil prices & inflation raise likelihood of policy tightening
Some economists have brought forward their forecasts for a rate hike by the central bank to as early as October, overturning earlier expectations that the…
Gaining ground: Household manufacturing grows 4x faster than corporates
New Delhi: Household manufacturing is gaining ground in India’s industrial economy, with its gross value added (GVA) rising nearly four times faster than that of…
India’s central bank withdraws over 6 trillion rupees of bank liquidity after record spike
MUMBAI: The Indian central bank absorbed more than 6 trillion rupees ($63.53 billion) through cash withdrawal operations on Monday, a day after banking liquidity surged…
Ready-made food prices may stay high as input, packaging costs rise
New Delhi: Prices of ready-made food products such as savouries, sweets, and snacks are likely to remain elevated, as higher input and packaging expenses and…
RBI Inflation FY2026-27: Malhotra & Co trim FY27 inflation forecast to 5% as easing crude prices offer relief
The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday lowered its inflation forecast for FY27 to 5% from 5.1% projected in its June…
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…
RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists
Mumbai: The Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged in its August monetary policy review on elevated inflation…
India’s factory output grows 7.3% in June, fastest pace in nearly two years
New Delhi: India’s industrial output grew at its fastest pace in nearly two years in June, driven by a sharp pick-up in manufacturing and electricity…
RBI likely used dollar deposit surge to cut record FX forward book, economists say
MUMBAI: The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its…