#interest-rate-hike
Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% pa for select tenure
The interest rate increase follows Reserve Bank of India’s special FCNR (B) swap facility, aimed at encouraging higher NRI fund inflows into India
Aggressive Asia Hikes Show Few Signs of Stabilizing Currencies
Asian central banks are turning to ever more aggressive interest-rate hikes to shore up currencies, though there are few signs of success.
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% from 7.75%, blaming higher inflation and a depreciating rupee
Weakening currency: RBI weighs measures including rate hike to stabilise rupee
The Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency swaps, and raising dollars from overseas investors through deposit schemes and sov…