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$17bn of FCNR deposits redeemed in Nov, but here's why we didn't know

The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise. November saw redemptions of more than $17 billion of the foreign currency non-resident......

Rupee weakens further to 66.89, down 8 paise

Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency Falling for the second-straight session, the rupee, on Friday, depreciated by 8 paise to end at......

RBI may pause this time, but rate cut likely in Dec

Lower inflation, FCNR(B) outflows likely to influence central bank decision A majority of bankers and economists expect the Reserve Bank of India (RBI) to keep key policy rates in hold in its......

FCNR redemptions won't be disruptive, say bankers

There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed Starting the middle of this month and peaking between October and November, foreign......

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......
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RBI turns big dollar seller in November

Cement prices continue downtrend, the impact of rising crude oil prices on CAD Though outflows linked to the maturity of foreign currency... ...

http://www.livemint.com/Money/GLmb7pVEnTOfHhBEbsWqNK/Market-roundup-RBI-turns-big-dollar-seller-in-November.html
PM seeks dollar, NRIs run with $17 billion

Kolkata | Mumbai: Prime Minister Narendra Modi wanted non residents to pour in dollars to build the nation, but NRIs have taken back a net $17... ...

http://economictimes.indiatimes.com/markets/stocks/news/pm-seeks-dollar-nris-run-with-17-billion/articleshow/56495964.cms
NRI deposits fell to $1,12,963 million in November

Outstanding NRI deposits fell to $1, 12,962.50 million in November 2016, registering a fall of around 9.2 per cent compared to the previous month.... ...

http://www.businesstoday.in/latest/trends/nri-deposits-fell-to-112963-million-dollars-in-november/story/244008.html
UBS

According to the bank, the Indian rupee will fall in value to Rs 73 by next fiscal end. A money changers shop displays a picture of a British... ...

http://www.ibtimes.co.in/indian-rupee-likely-fall-sharply-by-fy18-ubs-711847
Karnataka releases NRI policy ahead of Pravasi Bharatiya Divas

Bengaluru: Ahead of the 14 th Pravasi Bharatiya Divas beginning here tomorrow, the Government of Karnataka on Friday evening announced a new policy... ...

http://egov.eletsonline.com/2017/01/karnataka-releases-nri-policy-ahead-of-pravasi-bharatiya-divas/

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