#capital-inflow
RBI said to conduct at least $10 billion forex swaps to drain cash
Banks have been awash with cash after the RBI’s measures to attract foreign capital raked in more than $140 billion, far exceeding official expectations.
SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surge
State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Comme…
SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surge
State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Comme…