No proposal to close concessional swap facility for FCNR(B) deposits before deadline: RBI
· thehindubusinessline.com
While the banking system has received robust inflows into Foreign Currency Non-Resident (Bank) deposits so far under the RBI’s limited period concessional swap facility, the central bank is not considering any proposal to close the facility before the September 30 deadline, said Governor Sanjay Malhotra
While the banking system has received robust inflows into Foreign Currency Non-Resident (Bank) deposits so far under the RBI’s limited period concessional swa...