2026-08-02
40.8 · Resilience in Turbulence
📷 Raj Kumar01🏦 Banking
How did RBI pull $41 billion into India so quickly?
5 min read→
🏦 Banking↺ from 2 Aug
India's central bank has gathered over $40.8 billion in foreign exchange inflows through a special concessional swap window. As the lucrative window nears its close, major banks are raising interest rates to attract NRI funds.
Forex Swap→FCNR(B) Deposits→Taper Tantrum
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