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RBI revives FCNR(B) swap window for NRIs; can it replicate the 2013 inflow boom? Explained

CJPN24 AI Desk••2 min read
RBI revives FCNR(B) swap window for NRIs; can it replicate the 2013 inflow boom? Explained
RBI revives FCNR(B) swap window for NRIs; can it replicate the 2013 inflow boom? Explained
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📋 News Brief — Summary from Mint. Read the full story below.

The Reserve Bank of India (RBI) has reopened a special FCNR(B) swap window for banks to attract foreign currency deposits from non-resident Indians (NRIs), reviving a mechanism last used during the 2013 rupee crisis.

The facility, announced on 8 June..

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Source: Mint

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