Tag: Reserve Bank of India
RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidity
Kolkata: The Reserve Bank of India will hold a 26-day variable rate reverse repo auction on Friday with a target to drain out Rs 5…
Rupee weakens to 95.44 against dollar amid rising import bill and crude oil prices
Kolkata: The rupee weakened by another 0.35% to 95.44 a dollar amid concerns over rising import bill as the Brent crude crossed the $102 a…
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…
RBI turns to 30-day VRRR to absorb excess liquidity
Kolkata: The Reserve Bank of India will hold a 30-day variable rate reverse repo (VRRR) auction Monday with a target to suck out Rs 7…
RBI may raise repo rate to 5.75-6% in H2 FY27, rate hike cycle likely from December: UBI
The Reserve Bank of India (RBI) could raise the repo rate to 5.75-6 per cent in the second half of FY27 to contain excess banking…
Centre sees no cost pain for RBI on dollar deluge
New Delhi | Mumbai: The Centre does not expect the Reserve Bank of India (RBI) to face material costs from the unprecedented $127-billion inflows through…
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…