New Delhi, July 20 (IANS) Foreign portfolio investment (FPI) flows into India are expected for a rebound in FY27 marking an improvement from the $16 billion outflow recorded in FY26, a report said on Monday.The net FDI is expected to rise from $7 billion in FY26 to $15 billion in FY27, supported by healthy growth in gross inflows and an expected moderation in growth of repatriation outflows, the report from CareEdge Ratings said.Gross foreign direct investment (FDI) rose 18 per cent year‑on‑…
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New Delhi, July 13 (IANS) The chiefs of public sector banks (PSBs) and financial institutions informed Finance Minister Nirmala Sitharaman on Monday that there was a strong response from NRIs to the higher interests rates and incentives that have been announced across foreign currency non-resident bank deposits FCNR (B) deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) swap initiatives.The banks expect funds flowing in from NRIs to pick up further m…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs, he remarked during his speech after the Monetary Policy Committee (MPC) meeting.“Third, a facility of concessional forex swap w…