Back to News
Market Impact: 0.3
India FX Deposits to Help Earn More Revenue, RBI’s Malhotra Says
Source: Bloomberg
Banking & LiquidityCurrency & FXMonetary Policy
Reserve Bank of India Governor Sanjay Malhotra said the central bank's record foreign-currency deposit drive will generate, rather than impose, costs. The RBI expects to earn additional income by deploying the dollar inflows overseas, countering concerns over the program's financial burden.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly positive
Sentiment Score
0.15
More News
- Federal Reserve is likely to hold interest rates steady in October. Here's what that means for consumers
- Brazil’s real sinks after Lula’s re-election victory
- Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks
- HSBC Announces $1 Billion Buyback After Profit Growth Misses
- HSBC’s third-quarter profit jumps 32%, launches buyback of up to $1 billion
- Yen eases on risk-on mood ahead of central bank bonanza