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The Indian rupee weakened significantly, crossing the 95 per dollar mark for the first time in almost a month. This decline occurred ahead of anticipated hawkish remarks from the US Fed chair
India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBI s special swap facility as of August 21. US bond yield: Will it become a new pain point?
RBI to close FCNR(B) forex swap facility early after strong dollar inflow - The Economic Times RBI forex swap facility,FCNR(B) deposits,foreign exchange inflows,USD-INR forex swap,ECB and OFCB schemes,foreign exchange market,currency swap facility,FCNR deposit
Depending on how they are executed and the final guidelines, India could see inflows to the tune of $60 billion-$80 billion from the various measures announced by the government and the Reserve Bank...