Selected Tag: FCNR
Selected Tag: FCNR

Dollar Lifeline, Future Bill: The RBI’s Funding Trade-off

The RBI’s overseas funding window could steady the rupee today, but its real test lies years ahead, when swaps unwind and redemption risks come due. 

Sachchidanand Shukla

July 20, 2026 at 4:12 AM IST

Article related image

istock.com

The Rupee’s Weakness May Be the RBI’s Game Plan

The rupee’s slide may reflect more than oil and a stronger dollar; it could also suit the RBI’s risk calculus while the FCNR window remains open.

Yield Scribe

July 20, 2026 at 2:48 AM IST

Article related image

The Ghost of FCNR(A) Was Invited Through the Swap Window

FCNR(A) has not returned in law. But the RBI has revived its most dangerous instinct: putting private currency risk on the public balance sheet.

Kalyan Ram

July 17, 2026 at 6:25 AM IST

Article related image

The Rupee Needs More Than RBI Intervention

Why the 2013 stabilisation strategy succeeded where the current response is struggling

Arvind Mayaram

July 16, 2026 at 3:19 AM IST

Article related image

RBI Built a Dollar Bridge, Banks Are Turning It into a Toll Road

RBI has subsidised the FCNR(B) currency hedge, but costly dollar leverage and bank friction may blunt the scheme’s promised dollar-inflow surge.

V Thiagarajan

July 14, 2026 at 7:03 AM IST

Article related image

Istock.com

The Central Banking Desk

Fed Hike Case Faces PCE Test

Daily insights on the decisions, signals and risks shaping central-bank policy across the world’s major economies.

BasisPoint Insight

June 25, 2026 at 3:22 AM IST

Article related image

US Federal Reserve

Credit Surge Tests Banks’ Liquidity Defences and ALM Discipline

Rapid credit expansion is outpacing deposit growth, forcing banks to rethink liquidity management and build more durable ALM strategies.

K. Srinivasa Rao

June 17, 2026 at 4:15 AM IST

Article related image

iStock.com

Why This Rupee Episode Is Different

The rupee’s decline is the mildest in decades. The bigger challenge is converting temporary inflows into lasting external stability.

Sameer Narang

June 15, 2026 at 4:55 AM IST

Article related image

RBI’s FCNR Swap Faces a Basel Reality Check

RBI’s FCNR swap may echo 2013, but Basel rules, dollar-funding stress and forward liabilities make this a harder trade.

V Thiagarajan

June 15, 2026 at 4:20 AM IST

Article related image

Wladyslaw/ Via Wikicommon

Has The Market Overpriced India's Rate Risk?

Markets may have mistaken a funding and BoP problem for an interest-rate problem. RBI's latest measures could ease pressure on OIS, yields and the rupee.

Yield Scribe

June 9, 2026 at 7:46 AM IST

Article related image

iStock.com

Opinion

FX Measures Could Attract Up to $75 Billion of Debt Inflows

FCNR deposits, ECB incentives and foreign investment reforms could help offset persistent equity outflows and strengthen India's external position.

Yield Scribe

June 8, 2026 at 1:41 AM IST

Article related image

iStock.com

The Bureau

The Foster Mother of Lodhi Garden
Image
Shyam Sundar Sharma