RBI’s FCNR(B) swap facility gets massive response, beats 2013 scheme
The RBI’s decision to absorb hedging costs for FCNR(B) deposits has drawn a significantly stronger response than its 2013 scheme, mobilising USD 127.2 billion by August-end 2026, according to a Bank of Baroda Research report. The Reserve Bank of India’s decision to bear the hedging cost for banks mobilising fresh Foreign Currency Non-Resident (Bank), or … Read more