Indian banks mobilise $20.7 billion under RBI’s special incentive window

In a remarkable financial boost, India’s central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an additional $1.97 billion, enhancing the country’s economic standing.

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