RBI’s forex swap facility draws over $136 billion; more than $127 billion mobilised via FCNR (B) deposits
File photo for representational purposes only. | Photo Credit: Reuters The foreign exchange inflows — via via Foreign Currency Non-Resident (Bank) FCNR (B) Deposits, Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs) — under Reserve Bank of India’s (RBI) swap facility has crossed $136 billion, surpassing all projections. This is expected to provide a major relief…
