‘We don’t need to panic today’: Uday Kotak says India must prepare for $170 billion FCNR(B) repayment
Summary
The RBI introduced a special dollar-rupee swap facility on June 8 to attract foreign currency deposits, reinforce India's external buffers and support its balance of payments amid global uncertainty and pressure on the rupee.
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‘We don’t need to panic today’: Uday Kotak says India must prepare for $170 billion FCNR(B) repayment
The RBI introduced a special dollar-rupee swap facility on June 8 to attract foreign currency deposits, reinforce India's external buffers and support its balance of payments amid global uncertainty and pressure on the rupee.
