Forex boost: RBI's special swap facility draws $40.8 billion in foreign inflows by July-end

Foreign currency inflows under the Reserve Bank of India's (RBI) special swap facility almost doubled in just two weeks, rising to $40.816 billion by July 31 from $20.718 billion as of July 17. According to the latest RBI data, Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits remained the biggest contributor, accounting for the bulk of funds mobilised under the concessional swap scheme.

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