Tag: Reserve Bank of India
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…
‘I was shocked’: Neelkanth Mishra hits back at ‘egregiously wrong’ claims on India’s GDP growth
Economist Neelkanth Mishra on Thursday hit back at claims that India’s latest GDP growth number was inflated by the revision of the national accounts series,…
RBI reports $136.38 billion forex inflows under special swap facility as of August 31
Foreign exchange inflows under the Reserve Bank of India’s special USD-INR swap facility reached USD 136.38 billion as of August 31, with Foreign Currency Non-Resident…
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…
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India’s banking system attracted $136.38 billion in foreign currency inflows through the Reserve Bank of India’s special dollar-rupee swap facility by August 31, with foreign…
India’s current account deficit widens to $4.2 billion in Q1 FY27
India’s current account deficit widened to $4.2 billion in the first quarter of the fiscal from $3.4 billion in the year-ago period on account of…
India’s strong economic momentum continues despite global uncertainties, says Chief Economic Adviser
New Delhi: Chief economic adviser V Anantha Nageswaran Monday said the domestic economic momentum is very strong in the near term even as uncertainties remain…
RBI’s forex forward book swells to record $136.7 billion
MUMBAI: The Reserve Bank of India’s foreign exchange forward position surged to an all-time high of $136.7 billion in July, according to data released on…
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…
India’s forex reserves hit record high of $729.33 billion after $12.4 billion weekly jump
India’s foreign exchange reserves surged by $12.422 billion to a new all-time high of $729.328 billion during the week ended August 21, marking a sharp…