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India's forex boost: RBI's swap scheme raises $20.72 billion so far
The Times of India
The Reserve Bank of India's special swap facility attracted $20.72 billion by July 17.
Most of this money arrived through Foreign Currency Non-Resident deposits.
Overseas Foreign Currency Borrowings and External Commercial Borrowings also contributed to inflows.
This facility was launched to strengthen India's balance of payments and encourage capital.
Banks anticipate a significant rise in FCNR(B) deposits before the September deadline. ...
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