#jpy-deposits
RBI reins in JPY-linked special deposits as banks scale down premium offerings
Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure
RBI reins in JPY-linked special deposits as banks scale down premium offerings
Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure
Chandrayaan-3 Reveals Lunar Ice Deposits May Be More Abundant and Accessible Than Expected
India’s Chandrayaan-3 mission has made groundbreaking discoveries about the presence of lunar ice, indicating that frozen water deposits may be more abundant and accessible than previously believed.The Indian Space Research Organisation (ISRO) successfully landed Chandrayaan-3 near the Moon's South Pole on August 23, 2023, marking a significant achievement in lunar exploration. New data from the mission has provided crucial insights into temperature variations that affect ice format
Chandrayaan-3 Reveals Lunar Ice Deposits May Be More Abundant and Accessible Than Expected
India’s Chandrayaan-3 mission has made groundbreaking discoveries about the presence of lunar ice, indicating that frozen water deposits may be more abundant and accessible than previously believed.The Indian Space Research Organisation (ISRO) successfully landed Chandrayaan-3 near the Moon's South Pole on August 23, 2023, marking a significant achievement in lunar exploration. New data from the mission has provided crucial insights into temperature variations that affect ice format
Indian Rupee Strengthens as RBI Keeps Rates Unchanged
The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p
Indian Rupee Strengthens as RBI Keeps Rates Unchanged
The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p









