India's central bank, Reserve Bank of India has received $22.7 billion till date under its special concessional window to encourage banks to bring in dollars through non-resident Indian deposits and overseas borrowings. Through this window, the RBI wants banks to bring in safe money to fund the IndiaÂ’s current account deficit.
Tag: Reserve Bank of India
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Sidbi gets Rs 5,000 cr RBI loan
Small Industries Development Bank of India (Sidbi) has received Rs 5,000 crore of refinance from the Reserve Bank of India (RBI) for a year to ease liquidity stress in the micro and small enterprises sector.
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No hurry to shut forex facility for oil firms: RBI
The Reserve Bank of India (RBI) will not hurriedly close a special window for oil marketing companies (OMCs) to buy dollars for crude oil imports, said the RBI Governor Raghuram Rajan on November 13. The RBI is striving bring stability in the currency market.
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RBI raises ECB limit for infra non-banking finance firms
The external commercial borrowing (ECB) limit for non-banking finance companies(NBFCs) has been been raised by the the Reserve Bank of India and classified as infrastructure finance companies (IFCs).
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Govt to take loan from RBI
To meet its unexpected expenditure of the Union government, the Reserve Bank of India (RBI) would provide Rs 20,000 crore through its Ways and Means Advances (WMA) window in the second half of the current fiscal. In a statement, RBI said that it has been decided in consultation with the Union government that the limits for WMA for the second half of the financial year 2013-14 (October 2013- March 2014) would be Rs 20,000 crore.
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Banks borrowed Rs 185.02 bn via MSF on Oct 28: RBI
Agency reports say that banks borrowed Rs 185.02 billion ($3.01 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 28, lower than the Rs 270.29 billion on October 25.
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RBI may hike repo rate by 25 bps
In its continues fight against inflation, the
Reserve Bank of India (RBI) is likely to raise the repo rate by another 25 basis points. The RBI Governor Raghuram Rajan is expected to take this measure when he makes his next monetary policy announcement on October 29, several economists say.
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RBI tightens norms for UCBs to utilise ‘at par’ cheques
The Reserve Bank of India (RBI) has tightened norms for utilising 'at par' cheques issued by scheduled commercial banks (SCBs) to cooperative banks for better transparency and supervisory control over co-operative banks.
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RBI to auction inflation indexed bonds on Oct 30
The Reserve Bank of India has announced the sale 1.44 per cent inflation indexed 'government stock-2023' for a notified amount of Rs 10 billion through price based auction, say media reports. The auction will be conducted by the Reserve Bank of India on October 30.
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Banks borrowed Rs 33,829 cr via RBI’s MSF
Media reports indicate that Indian banks borrowed Rs 33,829 crore ($5.5 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 22, lower than the Rs 451.26 crore on October 21.