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 Concessional Dollar Swap Scheme Soars Past $40 Billion, Bolstering India’s Forex Reserves
The Reserve Bank of India's concessional dollar swap facility has impressively mobilized over $40 billion in foreign exchange, doubling in just two weeks. This surge significantly strengthens India's forex reserves and financial stability, driven largely…
Indian Rupee Soars 66 Paise as RBI Governor Signals Undervaluation, Sensex Jumps 776 Points
The Indian Rupee experienced a substantial surge against the US dollar, gaining 66 paise, driven by RBI Governor Sanjay Malhotra's comments on its undervaluation, strong foreign currency inflows, and a sharp decline in global crude oil prices. This…