Indian banks request RBI subsidy on forex hedging costs to enhance dollar funding, aiming to stabilize the rupee.
Indian banks have sought
subsidised forex hedging costs from the Reserve Bank of India to
raise overseas borrowings, according to three sources, as the
central bank seeks to shore up dollar inflows into the economy.The central bank met with treasury heads of large banks
through last week, ahead of a monetary policy review on June 5,
Bankers pitch RBI-backed FX hedge
Lenders urge RBI for hedging support framework to revive overseas borrowing
Reserve Bank of India considers rate hikes and currency swaps to stabilize the rupee
Reserve Bank of India considers rate hikes and currency swaps to stabilize sliding rupee
Weakening currency: RBI weighs measures including rate hike to stabilise rupee - The Economic Times
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Indian banks and companies are asking the Reserve Bank of India for help with offshore debt. High costs to protect against…
