RBI cuts FX swap window short after NRI deposits cross $50 billion
· economictimes.indiatimes.com
The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians. Policymakers also considered domestic liquidity effects and fundraising costs. The overseas fundraising supported the rupee, which had reached record lows earlier. These measures have bolstered foreign exchange reserves significantly.
Live Events
BALANCE OF PAYMENTS BOLSTERED
LIQUIDITY IMPACT, COST CALCULUS
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Ad...