Mumbai, July 21 (IANS) Mobilisation of Foreign Currency Non-Resident (Bank) or FCNR(B) deposits could reach up to $70 billion, significantly easing domestic liquidity conditions and reducing near-term pressure on Indian banks’ balance sheets, according to global brokerages.Brokerages including Jefferies, UBS and Macquarie said the initial response to the Reserve Bank of India’s FCNR(B)-related measures has been stronger than expected, with early inflows pointing to growing confidence among overs…
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New Delhi, April 21 (IANS) Even after escalation in West Asia conflict and rise in Brent crude oil prices due to the closure of Strait of Hormuz, the fuel prices remain unchanged in India, while many countries have witnessed a jump of up to 85 per cent.Data by Kotak highlighted a sharp divergence between India and both advanced and emerging countries, where consumers have faced increases in fuel prices so far this year, reports NDTV Profit.On the diesel front, prices have witnessed a sharp rise …