Amid strong forex inflows, RBI to end FCNR(B) swap facility early

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The Reserve Bank of India (RBI) has decided to prematurely close the deposit mobilisation window under its special forex swap facility for FCNR(B) deposits, bringing forward the deadline for banks to mobilise such deposits to August 31, 2026.

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Amid strong forex inflows, RBI to end FCNR(B) swap facility early

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