8216;Banks collect 32 bn from dollar swap window8217;
The rupee declined about 30 per cent against the US dollar between April and August.
Written by Press Trust Of India
New Delhi |
1 min read
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The government has said RBI has received 32 billion from the special swap windows for deposits by non-resident Indians and overseas foreign currency borrowings by banks.
32 billion as on date that we have received on FCNR B and bank capitalisation, economic affairs secretary Arvind Mayaram said. The RBI had announced the swap windows for foreign currency non-resident bank deposits and overseas borrowings by banks on September 4,after the rupee declined about 30 per cent against the US dollar between April and August. The facility is open till November 30. PTI
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