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Home Mango BiteBanks race for dollar deposits as RBI curtails FCNR (B) swap window

Banks race for dollar deposits as RBI curtails FCNR (B) swap window

Banks race for dollar deposits as RBI curtails FCNR (B) swap window

•RBI closed dollar-rupee swap facility earlier than announced.

•Banks now focus on FCNR (B) deposits for next two weeks.

•Banks urge non-resident Indians to deposit dollars before window closes.

•Expected total inflow of $60-70 billion by August-end.

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Banks race for dollar deposits as RBI curtails FCNR (B) swap window — Mango People News