Rupee Watch | RBI To Stop FCNR Swap Scheme On Aug 31
* RBI to bear swap cost for FCNR(B) deposits made until Aug 31
* $52 bn deposits under swap scheme so far; $56.8 bn including FCNR(B), ECB & OFCB flows
* Market expects stronger flows until Aug 31 as banks & NRIs rush the process
Latha Venkatesh with the details.
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