Tag: RBI forex swap
Posted in Economy
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India’s banking system attracted $136.38 billion in foreign currency inflows through the Reserve Bank of India’s special dollar-rupee swap facility by August 31, with foreign…
Posted in Business
INR USD | Rupee roars back on RBI support to rise the most in seven months
The Indian rupee strengthened the most in seven months on Wednesday after the Reserve Bank of India aggressively sold dollars to support the currency. Stocks…