Tag: currency swap facility
Posted in Economy
RBI shortens FCNR (B) deposit swap window to Aug 31
Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…
Posted in Economy
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…