HeadlineShine

Wary of RBI, banks back off from forex deals

Economic Times ·First reported
Economic TimesWary of RBI, banks back off from forex deals
Image: Economic Times

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in US Treasury bills to earn higher returns. The transaction involved a buy-sell swap, where banks purchased dollars in…

Summary from Economic Times

Read the full story on Economic Times
React

More on RBI

See all →
NDTV Profit
Business2 sources·

India's Bank Cash Surplus Shrinks as RBI Curbs Rupee Bets
Times of India
Business2 sources·

ET Wealth | RBI rate hikes: Protect debt portfolio
NDTV Profit
BusinessNDTV Profit·

Inside RBI's Data Citadel, Cyber War Room: RBI Guv Explains How It Fortifies India's Banking System
Economic Times
Business4 sources·

PM Modi Inaugurates RBI's Rs 169-Crore Data Centre In Odisha

More business

See all →
NDTV Profit
Business3 sources·

Tamil Nadu Revises Auto-Rickshaw Fares After 13 Years: What Commuters Should Know
Economic Times
Business7 sources·

Anthropic files IPO, could be biggest ever
Mint
Business2 sources·

United Breweries shares rally 14% after Q2FY27 profit jumps 191% YoY
Economic Times
Business2 sources·

HUL Q2 Results: Profit Meets Estimates, Volume Growth Highest In 14 Quarters As Pricing, Product Push Aid Sales Amid Inflation
NDTV Profit
Business2 sources·

Air quality slips to ‘poor’ category in Delhi, parts of north India
NDTV Profit
Business2 sources·

Jio Platforms shares get 3 Buy calls on Day 1 as Nomura, Motilal and Elara initiate coverage. Check target price

Top stories in India

See all →
Hindustan Times
Sports3 sources·

Former Grand Slam Winner Stan Wawrinka Ends Tennis Career
Times of India
Sports5 sources·

Abhishek Sharma's 35-Ball Ton Powers India To Series Win In New Zealand
Times of India
4 sources·

Non-Hindus Wearing Religious Markers Can't Enter Agamic Temples Without Affirming Reverence: Madras High Court
Hindustan Times
2 sources·

Polling underway for phase 2 of Rajasthan Panchayat polls, faulty EVMs delay start at few booths
NDTV Profit
Entertainment4 sources·

Dune: Part Three Final Trailer Out: Timothee Chalamet's Paul Embraces Dark Side In Epic Finale
NDTV
2 sources·

Israeli Elections Exit Polls: Netanyahu’s coalition holds narrow edge as Arab parties emerge kingmaker in close contest