Tag: RBI dollar-rupee swap
Posted in Economy
Deposits under RBI’s latest foreign currency non-resident bank scheme will carry one-year lock-in
Deposits raised under the Reserve Bank of India’s latest foreign currency non-resident bank (FCNR-B) scheme will carry a one-year lock-in, and swaps undertaken by banks…
Posted in Economy
India’s forex reserves rise $938 million to $682 billion despite RBI’s $5 billion swap
Mumbai: India’s foreign exchange reserves rose by a modest $938 million to $682 billion in the week ended May 29, despite a $5 billion dollar-rupee…