GOOD
BUSINESS
Forex mop up under RBI's swap scheme doubles to over $40bn
Total forex mobilization under RBI's concessional dollar swap facility has exceeded forty billion dollars. This amount more than doubled in just a fortnight, surpassing previous deposit drives. Foreign Currency Non-Resident (Bank) deposits
Aad Tak · Why it matters
Read the original at TOI Business ↗
The RBI's swap scheme doubling its forex mop-up to over $40 billion signals a surge in foreign investment and liquidity in the Indian currency market.