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RBI to close FCNR(B) swaps a month earlier due to gush
The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) will proceed as initially scheduled.
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economictimes.indiatimes.com
RBI to close FCNR(B) forex swap facility early after strong dollar inflow - The Economic Times
The Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows totaling $52.3 billion. The scheme for…
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RBI shortens FCNR (B) deposit swap window to Aug 31
The Reserve Bank of India recently announced a revised timeline for the swap facility associated with FCNR(B) deposits, now set to end on August 31, 2026. This adjustment follows…
