Tag
Reserve Bank of India
4 articles
RBI's Rupee Intervention Halts Six-Month Slide, Reserve Draw Suggests Structural Pressure
The Reserve Bank of India deployed its strongest currency support measures since 2013, driving a 1 percent single-day rupee gain, but persistent capital outflows and trade deficits raise questions about sustainability.
India's Diaspora Deposits Hit $100 Billion as Banks Target $50 Billion More
The RBI's overseas deposit facility has crossed $100 billion in inflows, with Indian banks now running a global campaign to attract an additional $50 billion from wealthy nationals abroad.
India's Early FCNR Swap Closure Pushes Short-Tenor Bond Yields Higher
The RBI moved its diaspora-deposit hedging deadline to Aug. 31 after inflows topped $52 billion, lifting shorter-duration bond yields as banks lost a zero-cost hedge.
RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength
India's central bank executed one of its largest direct interventions in months Friday, selling $7 billion to stabilize the rupee against a surging U.S. dollar.