Tag: rbi
Gold reserves are on the move, but central banks are choosing different vaults
Gold is changing addresses. The Netherlands has moved about 86 tonnes of its reserves from the United States and Canada to London, France has shifted…
RBI mops up Rs 6.02 lakh crore through VRRR auctions against Rs 8.5 lakh crore intent
Kolkata: The Reserve Bank of India is facing challenges in sucking out the excess liquidity from the inter-bank market with the three-day variable rate reverse…
Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources say
Mumbai: Indian lenders proposed using foreign exchange sell/buy swaps to gradually withdraw excess rupee liquidity from the banking system at a meeting with the central…
How RBI could tackle a liquidity deluge triggered by dollar deposits
MUMBAI: The Reserve Bank of India‘s special dollar deposit scheme drew a larger-than-expected $127.23 billion, leaving the central bank having to deal with a problem…
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…
India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shock
India’s gross domestic product (GDP) quickened to 7.8% in the first quarter of FY27, up from revised 6.9% in the same quarter last year, as…
FCNR inflows may delay rate hikes, but banks face margin pressure: Report
New Delhi: The Reserve Bank of India‘s foreign-currency mobilisation has temporarily eased financial conditions and given the central bank more room to hold off on…
At $729 billion, forex kitty hits a record
umbai: India’s foreign exchange reserves touched a record high of $729.3 billion as of August 21, after banks stepped up the drive to mobilise NRI…
Your credit score just got more immediate
Since July 1, your credit score has been updating faster than before. If you delayed a payment last week, it may already be reflected in…
RBI board gets three new part-time directors
New Delhi: The appointments committee of the cabinet, or ACC, has approved the proposal of the Department of Financial Services in the Finance Ministry for…