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India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: Report - The Economic Times
India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The Reserve Bank of India introduced a zero-cost foreign-exchange swap facility for these deposits. Banks can now offer higher returns and leverage these funds, making the program more attractive. Inflows are expected to increase significantly before the September 30 deadline.
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economictimes.indiatimes.com
India draws nearly $10 billion under RBI's overseas deposit drive to support rupee: Report - The Economic Times
India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The…
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cryptobriefing.com
Reserve Bank of India attracts nearly $10B in deposit drive, creating a potential buffer for rupee stability
India's Reserve Bank attracts nearly $10B in its FCNR(B) deposit drive, with analysts projecting $30-40B in total inflows to stabilize the rupee.
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timesofindia.indiatimes.com
Led by NRI deposits, RBI swaps may draw $80-85 billion
MUMBAI/NEW DELHI: Bankers expect India to draw $80-85 billion of foreign capital through the RBI's swap-backed push spanning FCNR(B) deposits, external commercial borrowings and…