India’s special dollar-rupee swap facility has attracted about $136 billion in foreign currency inflows, with non-resident Indian deposits contributing $127 billion, according to provisional figures. The mobilisation has significantly exceeded expectations and strengthened the Reserve Bank of
The Reserve Bank of India has given banks greater flexibility to swap dollars raised from non-resident Indian deposits, allowing large transactions outside their designated weekly window. The move comes ahead of the August 31 deadline for a special deposit scheme that has attracted more than $65 billion. RBI Eases Dollar-Rupee Swap Rules for Banks Banks […]








