CutTheClutter: Intricacies, risks, arithmetic of RBI’s NRI deposit scheme, & India’s chronic foreign exchange crisis

ThePrint by ThePrint

The RBI’s forex swap facility drew over $136 billion. This included 127.23 billion through FCNR(B) deposits, $3.8 billion through ECBs and $5.2 billion through OFCBs. The central bank ended Foreign Currency Non-Resident...View more