Rbi Foreign Fund

India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.

The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only for newly set up banks.

The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee, HDFC Bank Chief Economist Abheek Barua said.

The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...

The Indian rupee opened at a record low against the U.S. dollar on Wednesday as persistent foreign funds outflows weighed on investor sentiments.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

Country's foreign exchange reserves fell by $678 million to $634.28 billion in the week ended January 21 over slide in foreign currency assets

According to India's international investment position, the liabilities stood at $1,258.9 billion during the July-September quarter

On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.

Domestically, foreign fund inflows towards several large and small initial public offerings including online food delivery app Zomato among others helped the rupee.

RBI's balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds

Forex traders told news agency PTI that investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after the Reserve Bank stepped in to maintain sufficient liquidity in the panick-stricken currency market. Meanwhile, the RBI on Friday said it is closely monitoring the current global situation and assured that it w...

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.01 billion to $427.94 billion.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.

India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.

Equity benchmark indices declined in early trade on Thursday, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows.

The current guidelines of the Reserve Bank of India restrict foreign ownership in new private banks. The central bank's residency criteria for promoters applies only for newly set up banks.

The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee, HDFC Bank Chief Economist Abheek Barua said.

The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...

The Indian rupee opened at a record low against the U.S. dollar on Wednesday as persistent foreign funds outflows weighed on investor sentiments.

The rupee started on a weak note as crude prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China, and persistent foreign fund outflows weighed on investor sentiment.

Country's foreign exchange reserves fell by $678 million to $634.28 billion in the week ended January 21 over slide in foreign currency assets

According to India's international investment position, the liabilities stood at $1,258.9 billion during the July-September quarter

On Wednesday, RBI had said the International Monetary Fund (IMF) made an allocation of SDR 12.57 billion (equivalent to around $17.86 billion at the latest exchange rate) to India on August 23, 2021.

Domestically, foreign fund inflows towards several large and small initial public offerings including online food delivery app Zomato among others helped the rupee.

RBI's balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds

Forex traders told news agency PTI that investors are on tenterhooks amid mounting fears of a coronavirus-led economic slowdown, even after the Reserve Bank stepped in to maintain sufficient liquidity in the panick-stricken currency market. Meanwhile, the RBI on Friday said it is closely monitoring the current global situation and assured that it w...

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.01 billion to $427.94 billion.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the rupee. Moreover, heavy selling in domestic equities also weighed on the local unit.