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RBI says $20 billion mobilised under the special foreign currency scheme
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an additional $1.97 billion, enhancing the countrys economic standing.
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economictimes.indiatimes.com
RBI says $20 billion mobilised under the special foreign currency scheme
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve…
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Indian banks mobilise $20.7 billion under RBI's special incentive window
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve…
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thehindubusinessline.com
RBI’s concessional swap facility attracts $20.72 billion in forex inflows
RBI's concessional swap facility has attracted $20.72 billion in forex inflows, led by FCNR(B) deposits, strengthening India's external sector and liquidity.
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Fresh FCNR (B) deposit inflows robust at $17.406 billion under RBI’s limited period swap facility
RBI reports strong $17.406 billion inflow in FCNR (B) deposits, highlighting robust NRI interest under the swap facility.
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timesofindia.indiatimes.com
India's forex boost: RBI's swap scheme raises $20.72 billion so far
Reserve Bank of India's special swap facility to attract foreign currency brought in $20.72 billion till July 17, with most of the money coming through Foreign Currency…
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Inflow boost: Foreign deposits, swaps draw $21bn in 40 days
MUMBAI: RBI has said $20.7 billion has been raised through its concessional swap facility for FCNR(B) deposits, OFCBs and ECBs till July 17, reflecting investor interest after the…
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Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facility
Foreign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twenty billion dollars in total inflows. …
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Diaspora dollars are coming, but India needs export resilience, not quick fixes - The Economic Times
The Reserve Bank of India's special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks have already mobilized over seventeen…
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FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow in
The optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that has already eased earlier concerns the…