News for 'india-millennium-deposit'

New scheme to mobilise forex deposits from NRIs on cards

According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.

SBI's $7.3 bn IMD redemption on Dec 29

On the eve of the redemption of India Millennium Deposits of $7.3 billion t the non-resident Indians, Finance Minister P Chidambaram

SBI plans to launch India Fund

T-bills come handy for IMD payouts

SBI raising costly money for IMDs

Deposit rates for NRIs may rise

Deposit rates for non-resident Indians may rise following Tuesday's rate hike by the US central bank Federal Reserve and due to the impact of forthcoming India Millennium Deposit redemptions worth over $7 billion, bankers said on Wednesday.

Govt told to check foreign fund costs

IMDs: Bonanza for SBI

DON'T WORRY About The Rupee!

The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.

RBI can sell upto $30bn to support rupee

The BofAML report said that five year money can be raised by issuing the 7 to 9 per cent coupon bonds to stabilise markets, just as it was done in 1998 and 2001.

Banks could mobilise up to $10 billion from abroad: Experts

The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.