RBI's Special Swap Facility Attracts $40.8 Billion in Foreign Inflows

India's Reserve Bank of India (RBI) has seen its special swap facility attract $40.816 billion in foreign exchange inflows by the end of July. This figure nearly doubled in just two weeks, with FCNR(B) deposits being the primary contributor.

1 Aug, 09:47 — 1 Aug, 09:47

Post Share

Sources

Showing 1 of 1 sources

Times of IndiaMostly Factual20h ago

Forex boost: RBI's special swap facility draws $40.8 bn in foreign inflows

Foreign exchange inflows under RBI's special swap facility reached $40.816 billion by July end. This figure nearly doubled from $20.718 billion reported just two weeks prior. FCNR(B) deposits were the primary driver, contributing $36.725 billion to the total collections. Overseas foreign currency and external commercial borrowings also added substantial amounts. The facility aims to strengthen the balance of payments and incentivize capital inflows.

By SHIVANGHI PAYAL

Read full article →

PERSPECTA

PERSPECTA

RBI's Special Swap Facility Attracts $40.8 Billion in Foreign Inflows

Sources

Forex boost: RBI's special swap facility draws $40.8 bn in foreign inflows

Related Stories

Serbia's Public Capital Management Under Scrutiny

Sound Ninja Academy Founded by Teodora and Hristo Rachevi

Australian Council Seeks Funding for New GAA Centre in Wexford

McDonald's Korea Pulls Corn Burger After Stone Complaints

PERSPECTA