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RBI may not introduce FCNR swap window as forex reserves comfortable, say experts

In September 2013, then RBI governor Raghuram Rajan announced measures to bolster forex reserves and stabilise the rupee. These steps garnered $34 billion

India has adequate 'firepower' to deal with rupee volatility: Economic Affairs Secretary

The volatility is being driven by global factors including the proposed U.S. sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg, Economic Affairs Secretary in the Ministry of Finance said.

Rupee falls further, opens 8 paise lower at 66.89 per dollar

The Indian rupee fell further in early trade Friday. The currency has opened at 66.89 per dollar, down 8 paise compared with 66.81 a dollar in previous session.

Current account deficit likely to be at 0.4% in FY17: Nomura

The country's current account deficit is likely to be at 0.4 per cent of GDP this fiscal and balance of payment will continue to remain surplus despite FCNR (B) redemptions, according to a report.

Risk-on trend to continue; see rupee at 66 against dollar: StanC

Anant Narayan of Standard Chartered Bank, said that the current trend of risk-on play should continue. “We are seeing inflows coming through,” he said, adding that FCNR repayment ought to be contained. He believes the RBI will continue to mop up dollars.

FCNR redemption pressures will be transient: BNP Paribas

Any disturbances in the market due to the upcoming FCNR (B) redemptions will only be "transient" as RBI will dip into forex reserves to smoothen the volatility, French brokerage BNP Paribas said today.

Crisis or no crisis, Dr Urjit Patel has tough task ahead of him

Unlike Raghuram Rajan, Urjit Patel does not take over in a crisis. But the new RBI Governor may well find that normalcy is not much easier than a crisis.

How Rajan went ahead with bankers' proposal for FCNR deposits

In his last public speech, Raghuram Rajan talks about how, after he assumed office, bankers had approached him with an idea to bolster their deposits through FCNR money. After initial apprehensions, Rajan decided to go along with the idea. His gamble paid off in the end. Here is how.

India stands tall amongst its peers; stay invested: KR Bharat

Over the long-term the combination of liquidity and improving fundamentals has made the Indian equity, as an asset class look better and bette,said KR Bharat, MD, Advent Advisors.

Home financing options for NRI buyers

When a non-resident Indian (NRI) opts to purchase a property in India, there are several regulations that govern how such a purchase can be financed.   Sources, for financing a real estate investment in &#82

CARE Ratings expects a 25-bps rate cut in December quarter

In a report on Tuesday, CARE Ratings said it expects a 25 basis points rate cut in the October-December quarter, adding that GDP forecast of 7.8 percent for FY17 and Consumer Price Index inflation of 5-5.5 percent by end of March 2017 also hold.

Adequate reserve to deal with $20 bn FCNR redemption

Amid concerns over possible impact on markets of USD 20 billion outflows due to imminent maturity of a non-resident deposit scheme, the government sources today said there are adequate reserves to deal with these redemptions.

Bond yields to hover around 7.4% till August: Bank of America

The money market doesn't seem to be in a hurry to get any liquidity and that the bond yields will hover around 7.4 percent, with a plus or minus 5-7 bps at least till August, says Jayesh Mehta, MD & Country Treasurer, Bank of America.

Expects FY14 CAD at 2% of GDP: Rohini Malkani

With the 9-month CAD at USD 31.1 bn, we maintain our full-year CAD estimates of USD 36.8 bn or 2 percent of GDP., says Rohini Malkani, Citi.

FY14 trade deficit to be $144.9 bn; CAD at $36.8 bn: Report

The improvement in the current account deficit (CAD) is largely due to the narrowing of the trade deficit and the success of the FCNR deposit scheme, according to the financial services major.

RBI to cut swap rates on foreign currency deposits from Mar

The new rates will be LIBOR/Swap plus 300 basis points, down from LIBOR/Swap plus 400 bps earlier for maturities of three to five years, the central bank said.

FCNR inflows behind recent rate cut: SBI

State-run lender State Bank of India recently cut home loan rates. In a discussion with CNBC-TV18‘s Gopika Gopakumar, SBI Chairman Arundhati Bhattacharya said the rate cuts came on the back of excess liquidity in the banking system.

UCO Bank sees treasury gains, hopes to maintain NPL levels

Third-quarter earnings for UCO Bank from treasury gains as the banking system witnessed large FCNR deposits and as bond yields came down thanks to the Reserve Bank of India‘s recent liquidity-boosting measures, Arun Kaul, Chairman, UCO Bank, told CNBC-TV18.

RBI rate hike looks inevitable, says StanChart Bank

In an interview to CNBC-TV18, Ananth Narayan of Standard Chartered Bank gave his outlook on the economy and the currency market.

India to close special swap window on Nov 30: FM

The window for the foreign currency non-resident (bank), or FCNR (B), was due to close on November 30, although some banks have pushed for an extension.

Will maintain NIMs at 3.3%; FCNR not main focus: Federal Bk

According to Shyam Shrinivasan, the Federal Bank is likely to maintain its margins at the current levels of 3.30 percent, a climb of 17 bps year-on-year.

India's GDP growth likely to be around 5% this fiscal: DBS

The country's economic growth slowed to 5 per cent during the last financial year that ended on March 31, from an average of 8 per cent over the past decade.

Rupee may settle at 64 by Dec'13: Nirmal Bang

The USDINR pair is moving gradually towards its fair value and we see USDINR in a band of 60.50-63.50 in the short-term. However, it would be difficult for the pair to trade sub 60 in the absence of any significant domestic policy reforms. See the USDINR ending the December quarter at 64.00 handle against the US dollar, says Nirmal Bang.