Mon, Aug 22, 2022
Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.
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Sun, Sep 04, 2016
The latest infusion in equities follow a four-month high inflow of Rs 12,612 crore in the preceding month, the highest since March when FPIs had pumped in Rs 21,143 crore into the stocks.
Wed, Aug 10, 2016
"We are absorbing a fair amount of the inflows," Rajan told ET Now, adding that was a reason why foreign exchange reserves have soared recently to a record high.
Tue, Aug 09, 2016
Rajan said, "Earlier, some bankers said that it was the lack of liquidity that was holding rates high, now I hear from some that it is fear of the FCNR(B) redemptions that is making them reluctant to cut rates. I have a suspicion that some new concern will crop up once the FCNR(B) redemptions are behind us."
Wed, Jun 08, 2016
He, however, assured that these outflows have been covered in the forward market and an advance deliveries of these forward positions will be carried by the central bank in the lead up to the maturity of these deposits. Simply put, Rajan has made sure that this sudden outflow of $20 billion doesn’t lead to any fluctuation in rupee’s value.
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