Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
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Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
Banks mobilised $132.9 billion through FCNR(B) deposits under the RBI’s special forex swap window, taking total inflows, including ECBs and OFCBs, to $143.5 billion by September 18. The inflows are more than five times those raised under a similar 2013 scheme, with banks raising a significant porti»»»
RBI sells Rs 25,000 crore of G-secs to absorb surplus liquidity as FCNR(B) inflows swell
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India (RBI) on Monday sold Rs 25,000 crore of government securities through an Open Market Operation (OMO), as the central bank continues to absorb surplus liquidity from the banking system following large foreign currency inflow»»»
India becomes world’s 4th largest forex holder
Record inflows push reserves to $785.7 billion, overtaking Russia to claim No. 4 spot Mumbai: India has become the fourth largest holder of foreign exchange reserves in the world after the record surge in dollar inflows triggered by the Reserve Bank of India’s (RBI’s) foreign currency non-resident »»»
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