RBI swap program could attract $80-85 billion
Bankers anticipate $80-85 billion in foreign capital could enter India via RBI swap arrangements centered on FCNR(B) deposits.
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1 source grouped by AFBytes in Economy
AFBytes briefing
Large-scale capital inflows can strengthen India’s foreign reserves and influence rupee stability and domestic interest rates.
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Bankers anticipate $80-85 billion in foreign capital could enter India via RBI swap arrangements centered on FCNR(B) deposits.