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Forex mop up under RBI's swap scheme doubles to over $40bn
MUMBAI: RBI has said that total forex mobilisation under its concessional dollar swap facility has crossed $40 billion, more than doubling in a fortnight and surpassing the FCNR(B) deposit mobilisation seen during the 2013 special window despite higher US bond yields and tax-related challenges affecting NRI investments.
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economictimes.indiatimes.com
RBI's FCNR, forex schemes draw $40.81 billion in inflows so far
Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in…
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thehindubusinessline.com
FCNR(B) deposit inflows reach $36.725 billion between June 8 and July 31: RBI
Banks have raised $36.7 billion through FCNR(B) deposits under the RBI's hedging facility, helping lift India's total forex inflows to $40.8 billion.
