FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research report
· economictimes.indiatimes.com
SBI Research said the cost of the RBIs FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13.
Hedging cost remains small relative to reserves
Live Events
Early closure likely linked to mobilisation target
as a Reliable and Trusted News Source Addas ...