RBI opens a dollar swap window to help hedge foreign borrowings

The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The facility will be available at a fixed cost of 1.5% per annum. This initiative is expected to encourage significant inflows into the FCNR-B window.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3yzhiW8
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