India’s Forex Fortunes Surge: RBI’s Special Swap Facility Draws Over $40 Billion in Capital Inflows
India's foreign exchange reserves received a massive boost, with the RBI's special swap facility attracting over $40.8 billion in capital inflows by July end. FCNR(B) deposits were the primary driver, nearly doubling the total in just two weeks and…
RBI’s Strategic Forex Swap Scheme Expected to Attract $80-85 Billion Inflows, SBI Report Suggests
India's Reserve Bank of India (RBI) has launched a strategic swap scheme, projected by SBI to attract $80-85 billion in forex inflows. This move aims to bolster reserves, stabilize the rupee, and enhance economic resilience amidst global uncertainties.