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Govt companies request RBI to extend concessional forex swap by three months
Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing. Banks have already mobilized over twenty billion dollars through this special swap scheme. The inflow of dollars is expected to ease pressure on the Indian rupee. This concessional hedging cost supports government companies opting for ECBs.
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timesofindia.indiatimes.com
RBI's swap scheme may attract $80-85 billion in forex inflows, says SBI report
The Reserve Bank of India's concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)]…
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economictimes.indiatimes.com
Govt companies request RBI to extend concessional forex swap by three months
Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing. Banks have…
