RBI sees forex inflows of $72.85 billion via FCNR (B), OFCB, ECB Swap facility
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RBI Says Forex Inflows Under Swap Facility Reach $72.85 Billion as FCNR(B) Mobilisation Tops USD 65 Billion
Get latest articles and stories on Business at LatestLY. Forex inflows mobilised under the Reserve Bank of India's special USD-INR swap facility reached USD 72.85 billion as of August 21 with FCNR(B) deposits accounting for the bulk of the funds raised under the scheme, according to data released by the central bank on Saturday. Business News | RBI Says Forex Inflows Under Swap Facility Reach $72.85 Billion as FCNR(B) Mobilisation Tops USD 65 Bi…
RBI says forex inflows under swap facility reach $72.85 billion as FCNR(B) mobilisation tops USD 65 Billion - The Tribune
Forex inflows mobilised under the Reserve Bank of India's special USD-INR swap facility reached USD 72.85 billion as of August 21 with FCNR(B) deposits accounting for the bulk of the funds raised under the scheme, according to data released by the central bank on Saturday.
RBI sees forex inflows of $72.85 billion via FCNR (B), OFCB, ECB Swap facility
The position of forex inflows as reported by Authorised Dealer Banks to the RBI till August 21, 2026 includes $64.40 billion by way of FCNR (B) deposits; $4.86 billion via OFCBs and $2.59 billion by ECBs
Banks ride RBI swap wave to raise $12 billion via overseas debt
This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits.
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