Analysts now expect FCNR(B) deposits mobilised under the RBI's concessional swap scheme to reach $90-100 billion by the August 31 deadline, up from earlier estimates of $70-80 billion. Jefferies India revised its…
The Reserve Bank of India’s concessional dollar swap window, opened on June 5 to boost foreign reserves, has triggered a surge in Foreign Currency Non-Resident (Bank) deposits, with banks collectively mobilising over…
The RBI kept the repo rate unchanged at 5.25% for the fourth consecutive meeting in August 2026, while revising its FY27 GDP growth forecast upward to 6.7% from 6.6% and lowering its…
A Singapore tax ruling may erase most of the leverage advantage on FCNR(B) deposits for NRIs who are tax residents of Singapore. The Inland Revenue Authority of Singapore (IRAS) said interest paid…
India’s foreign exchange reserves rose by $10.5 billion to $692.9 billion in the week ended 31 July, the RBI said, their biggest weekly gain in six months. The rupee gained 1.2% that…
