The Reserve Bank of India (RBI) has shortened the deadline for fresh Foreign Currency Non-Resident (Bank), or FCNR(B), deposits to qualify for its special dollar-rupee swap facility to August 31 from ...
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Korea requests ‘unlimited’ currency swap with US as pressure mounts over investment fund
In response to Washington’s demands for it to set up a US$350 billion fund for investment in the US, the South Korean government has reportedly requested the establishment of an “unlimited” currency ...
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FCNR(B) Swap Window Explained: Why RBI opened it, why the deadline was advanced & what it means for banks
FCNR(B) Swap Window Explained: You may have heard or seen the term FCNR (B) in the news recently, as it has become a major talking point. But what exactly is FCNR(B), why did the RBI introduce the ...
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