Cos request RBI to extend concessional forex swap
Synopsis Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing
Synopsis Public sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing.
Banks have already mobilized over twenty billion dollars through this special swap scheme. The inflow of dollars is expected to ease pressure on the Indian
rupee. This concessional hedging cost supports government companies opting for ECBs.
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