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India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows
With India's robust economic expansion comes a pressing need to manage foreign exchange effectively. Zoho's Sridhar Vembu emphasizes that as growth accelerates, so does the reliance on imported energy and technology
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?
The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians