State Bank of India draws over $1.5 billion in forex deposits
3h agoen
From the article
The demand reflects the program’s attractive returns. Since the Reserve Bank of India is subsidizing the plan, lenders are offering depositors high interest rates — about 7.5% in some cases.
Continue reading on thehindubusinessline.comYou might also wanna read
New data reveals major shift in how central banks hold foreign exchange reserves since the 1990s
This article examines a largely overlooked aspect of foreign exchange reserves: the distinction between reserves held as deposits versus sec

Foreign investors pare India rate-hike bets, fuel record 5-year swaps trading
Business Recorder·22h ago

Policy support lifts foreign inflows into Indian banks to 14-month high
Business Recorder·1d ago

NPA Match Detection: How AI Stops Known Defaulters From Re-Entering the Lending System
innefu.com·9d ago

The banks' favourite borrower
Business Recorder·18h ago

Morning Brief Podcast: Why Foreign Money Loves Indian Debt, Not Stocks
economictimes.indiatimes.com·2d ago

Comments
Sign in to join the conversation.
No comments yet. Be the first.