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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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Bad loans dip as bank stocks rise

The recent guidelines from the central bank allowing statutory reserve and other reserves created out of the profit to be reckoned for paying of... ...

http://www.mydigitalfc.com/news/bad-loans-dip-bank-stocks-rise-287
FCNR-B deposit pool shrinks sharply in Q3 on redemption

The deposits stood at $20.85 bn in December 2016 from $44.11 bn at the end of September 2016 ...

http://www.business-standard.com/article/economy-policy/fcnr-b-deposit-pool-shrinks-sharply-in-q3-on-redemption-117021500045_1.html
Sensex Finishes on a Dull Note, Bank of Baroda Plunges 10%

Posted by Equitymaster Share markets in India trimmed their initial losses and finished the trading day on a flat note ahead of January inflation... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/AECHUK5V9nM/tm.asp
DBS

A 'resilient' Indian rupee has weathered the post-US election headwinds fairly well but the domestic currency may still break above its 66.2-68.7... ...

http://www.business-standard.com/article/pti-stories/rupee-may-break-66-2-68-7-range-on-note-ban-oil-prices-dbs-117020700435_1.html
Indian Bank revises interest rates for FCNR (B) deposits

Public sector Indian Bank has revised its rates for foreign currency interest rates (banking) on term deposits with immediate effect. ...

http://www.dnaindia.com/india/report-indian-bank-revises-interest-rates-for-fcnr-b-deposits-2305642

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