RBI’s $127 Billion FCNR Haul: Why It Matters
Banks raised $127.2 billion through RBI’s FCNR(B) swap window, creating a large foreign-currency buffer with implications for the rupee and liquidity.
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Banks raised $127.2 billion through RBI’s FCNR(B) swap window, creating a large foreign-currency buffer with implications for the rupee and liquidity.