Tag
Rupee
4 articles
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.
RBI Closes Dollar Swap Window Early, Rupee and Short-Term Bonds Sell Off
The Reserve Bank of India shut its FCNR(B) swap facility ahead of schedule, pushing the rupee to 95.61 per dollar and lifting the 10-year bond yield to 6.81 percent.
RBI Cuts FCNR Window a Month Early After $56.8B Floods In
India's central bank moves the FCNR(B) deadline to Aug. 31 from Sept. 30 after inflows across three channels hit $56.846 billion in just over two months.
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.