Tag: Reserve Bank of India
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…
RBI working to give banknotes in your pocket a longer lease on life
The Reserve Bank of India is exploring ways to extend the life of banknotes, according to the central bank’s monthly bulletin released on Tuesday. RBI…
RBI warns food, fuel costs could reignite broader inflation
The Reserve Bank of India (RBI) Bulletin for August has flagged the risk of broader inflationary pressures, warning that higher food, fuel and other input…
RBI’s great dollar haul: Where are the $73 billion going?
India has pulled off one of the largest and fastest foreign-currency mobilisation exercises ever attempted. In less than 11 weeks, banks and companies have brought…
India gets $72.8 billion in dollar inflows under RBI swap facility
India has received dollar inflows of $72.8 billon under special swap facility foreign currency non resident (bank) FCNR (B), external commercial borrowings (ECBs) and overseas…