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politics

RBI's Forex Swap Draws $ 137.4 Billion Largely Through FCNR (B) Deposits

The RBI had announced the USD-INR Forex Swap facility covering FCNR(B) deposits, External commercial borrowings (ECBs) and Overseas foreign currency b...

By Dhallo News · September 3, 2026 at 1:16 AM IST

The RBI had announced the USD-INR Forex Swap facility covering FCNR(B) deposits, External commercial borrowings (ECBs) and Overseas foreign currency borrowings (OFCB) inflows on June 8, 2026 to attract dollar flows and shield the falling rupee.

SOURCE: Deccan Chronicle Politics
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DHALLO EDITORIAL STATUS: Aggregated & reviewed
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