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Source: Economic Times
Economic Times
Source
RBI & Policy
Category
4 min
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03 Aug
Published
RBI & Policy
4 min read· Economic TimesSBI, HSBC lead FCNR(B) deposit mobilisation
Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are leading banks in this deposit mobilization effort. This scheme aims to attract stable foreign currency inflows into India. The Reserve Bank of India's dollar swap facility received…
Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are leading banks in this deposit mobilization effort. This scheme aims to attract stable foreign currency inflows into India. The Reserve Bank of India's dollar swap facility received
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Source: Economic Times