Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
RBI Indian diaspora deposits
Covered by 7 sources
- Business Standard·2h agoIndia's record diaspora inflows leave RBI facing potential $10.6 bn bill
India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management
Read at Business Standard → - Bloomberg Economics·19h agoIndia RBI Faces About $11 Billion Bill on Foreign Deposits Plan
India tapped its vast diaspora for a record $127 billion through a special deposit program, a fundraising bonanza that economists say could come with a hefty $10.6 billion bill for the country’s central bank.
Read at Bloomberg Economics → - Bloomberg Markets·1d agoIndia’s Rupee Gains as RBI Measures Bring in Bumper $136 Billion
India’s rupee gained as the central bank garnered $136 billion under its capital-raising measures, far exceeding expectations and further boosting its war chest to defend the currency.
Read at Bloomberg Markets → - NDTV India·1d agoNRIs Pour in $127 Billion as Reserve Bank's Dollar Scheme Beats Targets
A special forex swap facility, launched to shore up India's dollar reserves, has drawn inflows five times bigger than a similar 2013 scheme.
Read at NDTV India → - Business Today IN·1d agoDollar deluge: RBI’s forex scheme draws $136.37 billion
Seen to help boost forex reserves, aid deposit mobilisation by banks
Read at Business Today IN → - The Print Economy·1d agoBanks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
Mumbai, Sep 2 (PTI) India attracted a whopping USD 127.23 billion in Foreign Currency Non-Resident (FCNR-B) deposits under the Reserve Bank’s special USD-INR forex swap facility till August 31, the closing date, which was advanced by a month following a robust response from the…
Read at The Print Economy → - India Today Top·1d agoNRIs put $100 billion in RBI scheme to take India's forex reserves to record high
NRIs put billion in RBI scheme to take Indias forex reserves to record high
Read at India Today Top →
