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Banks to be told to step up FCNR (B) deposits
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures.
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economictimes.indiatimes.com
RBI to bear full hedging cost on FCNR(B) deposits - The Economic Times
The Reserve Bank of India is stepping in to boost dollar inflows. It will cover the full hedging cost for banks attracting foreign currency non-resident deposits. This incentive…
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newsbytesapp.com
RBI takes major steps to boost rupee, attract foreign capital
The RBI unveiled five measures to attract foreign capital, including expanding the Fully Accessible Route (FAR) by adding new 15-, 30-, and 40-year government securities.
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thehindubusinessline.com
Coordinated Centre-RBI measures target sustained dollar inflows
The Centre and RBI launch measures to attract foreign capital, aiming to bridge India's $40-50 billion balance of payments gap.
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Rupee gets booster shot as RBI announces measures to attract foreign capital
The rupee got a booster shot on Friday, with the Reserve Bank of India (RBI) announcing crucial measures to attract foreign capital via foreign currency non-resident (bank)…
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Free flow of FCNR(B) money: RBI to bear hedging costs on NRI FX deposits, easing banks’ overseas funding
The Reserve Bank of India is now covering all hedging costs for banks raising foreign currency deposits. This move aims to make these deposits more attractive to overseas…
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Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B)…
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RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
The RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipate the monetary policy committee will…
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RBI's foreign capital push reflects rising inflation, slowing growth concerns: Report
The Reserve Bank of India is introducing new measures to attract foreign investment. This move aims to tackle rising inflation, slowing economic growth, and external sector…
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RBI may need to absorb at least half of hedging cost to spur ECBs by PSUs
The Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps for overseas borrowing until September…
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Banks to be told to step up FCNR (B) deposits
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign…
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RBI-government measures to attract foreign investment may bring $35-40 billion inflows: Report
RBI and government measures could attract $35-40 billion in foreign investments, strengthening India's balance of payments and rupee stability.
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India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra says
Indian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to attract dollar inflows. This initiative…
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RBI offers concessional swaps for PSUs, NRI deposits to drive forex inflows - The Economic Times
The Reserve Bank of India has introduced new foreign exchange measures. These include offering special swap facilities to encourage state-owned companies to raise funds abroad.…
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RBI announces swap window for ECBs and FCNR (B) deposits
RBI introduces ECB and FCNR (B) swap windows to enhance liquidity and support foreign currency inflows until January 2027.
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Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-in
The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This initiative, featuring an attractive at-par…
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RBI opens a dollar swap window to help hedge foreign borrowings
The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The…
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Banks likely to go all out to attract diaspora investment - The Economic Times
RBI's decision to bear the hedging cost on FCNR-B deposits and exempt banks from maintaining the cash reserve ratio and statutory liquidity ratio against those deposits would save…
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timesofindia.indiatimes.com
RBI to fully absorb forex risks, inflows may see $50bn boost
MUMBAI: Reserve Bank of India has opened the dollar tap by taking on the currency risk itself to draw in overseas money, while nudging state-owned borrowers to look abroad for…
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timesofoman.com
RBI launches twin USD-INR forex swap facilities to attract foreign currency inflows and support external financing
(RBI) announced two special US Dollar-Rupee forex swap facilities, one for fresh Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and another for eligible External…
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RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflows
The Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned companies to raise funds abroad. Banks can…