FCNR(B) deposits are accounts where Non-Resident Indians (NRIs) can hold their earnings in foreign currencies like USD or GBP, protecting them from exchange rate fluctuations. "In order to attract more capital inflows, RBI has decided to increase the interest rate ceilings on FCNR (B) depos...
This article examines interlinkages between four major exchange rates, namely, USD–INR, EUR–INR, GBP–INR and JPY–INR in terms of returns and volatility spillovers using a vector autoregressive-multivariate GARCH–BEKK framework. In addition, we analyse the impact of RBI intervention on the ret...
“It is premature for RBI to launch crypto-rupee, as more understanding of the crypto economy need to be achieved,” says Praveen Kumar, founder of Belfrics, cryptocurrency exchange and blockchain start-up. “It is a right decision to delay the process and see how the publicly traded peer...
1. RBI has kept repo rate unchanged at 6.50% for the 9th time continuously. As a result, the standing deposit facility (SDF) rate stands unchanged at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. ...
Global oil benchmark Brent crude climbed 0.04 per cent to USD 79.95 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,867.72 crore on Thursday, according to exchange data. Regaining the 75,000 level, the BSE benchmark jumped 692.27 poi...
According to the causality analysis, inflation, Bist-100, interest rate difference of 5% and VIX fear index at 10% significance level are the reasons for Turkey's gold prices. In the short run, all variables are statistically significant except for USD/TL at the ...
2. Subsequently, the foreign exchange earners were eligible to retain only 50% of his/her export earnings in EEFC accounts and the balance 50% to be surrendered for conversion to rupee balances as per A.P. (DIR Series) Circular No. 124 dated May 10, 2012 ...
The agreement has been signed at GIFT City in Gandhinagar for a USD 300 million line of credit. With the help of this agreement, HDFC Bank will raise foreign currency funds. It would extend the funds to Korea-related businesses. HDFC Bank would utilize this line of credit to fund companies...
Industrial Bank of Korea, ordinary share, 024110 Korea Exchange Latest issues Issue Volume, mln Date Status ISIN Industrial Bank of Korea, FRN 30sep2027, USD *** *** Outstanding US45604HAR84 Industrial Bank of Korea, 4% 30sep2029, USD *** *** Outstanding US45604HAQ02 Industrial Bank...
2. Ever-growing global Quick-service restaurant (QSR) industry: As per RBI’s May 2019 Investor’s Presentation, the projected values of compounded annual growth rate (CAGR) for the time period calculated from 2018 to 2023 for the main food item (coffee, bakery, chicken and burger) of the...