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I had felt FCNR deposits to be an idiotic idea: Rajan

"Now I get credit for the idea which actually I neither invented nor actually believed in," he said. Outgoing Reserve Bank Governor Raghuram Rajan, Friday, disclosed that idea of raising diaspora......

India's external debt increases on FCNR(B) deposits

India’s external debt at the end of 2015-16 grew $10.6 billion or 2.2 per cent, year on year, to $485.6 billion. Primarily on account of a rise in non-resident Indian (NRI) deposits, Reserve......

Have enough dollars to take care of $20-billion outflows: Rajan

  Reserve Bank of India on Tuesday said it expects about $20 billion outflows from FCNR-B deposits redemptions, which may create some short-term dollar shortages but Governor Raghuram Rajan......

FCNR deposits: A safe bet for NRIs

Here’s how NRIs can protect their overseas earnings from exchange rate risk.In the last few months emerging markets have seen an unprecedented volatility in currency which created a sense of......

SBI hikes interest rates on NRE deposits

State Bank of India has hiked interest rates on its FCNR (B) and NRE (Rupee) deposits with effect from on Monday.For NRE (Rupee) deposits for a duration of one year to less than two years, the rate......
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Time to gear up for increased market volatility

Historically, it is seen that a volatile currency market is contagious and transfers the volatility to equity markets ...

http://www.business-standard.com/article/markets/fcnr-redemptions-time-to-gear-up-for-increased-market-volatility-116082500136_1.html
Rupee slips 5 paise to close at 67.11/USD

A firming trend in domestic stock markets, however, capped the rupee fall to some extent The rupee, on Wednesday, depreciated by 5 paise to end at... ...

http://www.rediff.com/money/report/how-the-rupee-fared-on-aug-24/20160824.htm
Rupee falls to 1-month low of 67.19 on dollar strength

US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee... ...

http://www.rediff.com/money/report/how-the-rupee-fared-on-august22/20160822.htm
‘Indian govt maintains status quo by appointing Patel’

The Indian government has voted for status quo, policy continuity and macro-stability with the appointment of a new RBI governor, the Development... ...

http://www.mydigitalfc.com/monetary-policy/%E2%80%98indian-govt-maintains-status-quo-appointing-patel%E2%80%99-921
Urjit Patel most likely to have a soothing effect on stock markets

Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior The markets have welcomed the government’s... ...

http://www.rediff.com/money/report/urjit-patel-most-likely-to-have-a-soothing-effect-on-stock-markets/20160822.htm

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