Indian bank shares surge as RBI announces forex swap facility for overseas borrowings with a minimum three-year maturity.

Bond inflows to India reach a one-year high as rupee support measures attract foreign investment.

The Reserve Bank of India has introduced new foreign exchange measures. These include offering special swap facilities to encourage state-owned companies to raise funds abroad.…

Indian bank shares surge as RBI announces forex swap facility for overseas borrowings with a minimum three-year maturity.

On Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency loans. This move has revitalized…

MUMBAI: Bank stocks surged across the board on Tuesday following RBI’s operational guidelines for a special foreign currency non-resident (bank) or FCNR(B), swap window, with…