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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......
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......
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