India's central bank said it will allow banks to raise interest rates on deposits by Indians living aboard, as it seeks to ...
Physical gold was sold at a discount in India for the first time in six weeks, as a weaker rupee drove up prices and in turn moderated demand, while top ...
Banks can now offer FCNR-B deposit rates up to ARR plus 400 basis points for 1-3 years and ARR plus 500 basis points for 3-5 years, significantly raising the previous caps.
The Reserve Bank of India, in a fine balancing act between boosting growth and reigning in inflation, came up with several ...
Most other Asian currencies traded flat with the Taiwanese dollar and Thailand's baht adding a modest 0.2% each.
RBI has announced Introduction of the Secured Overnight Rupee Rate (SORR) a benchmark based on the secured money markets. The Reserve Bank had set up the Committee on the MIBOR Benchmark to review the ...
Prices of parboiled rice exported from India fell this week as the rupee depreciated to a record low even as demand for the ...
The US weekly Initial Jobless Claims climbed to 224K for the week ending November 29, compared to the previous week of 215K, ...
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract ...
RBI Governor Shaktikanta Das on Friday reduced the cash reserve ratio (CRR) to 4% in two phases, aiming to address liquidity deficits caused by rupee depreciation and capital outflows. While there was ...
The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move ...
A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the ...