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Live News CENTRAL_BANK ARTICLE M impact

India’s FX swap facility attracted $136.38 billion inflows by Aug. 31

India’s central bank said it attracted $136.38 billion of inflows under its forex swap facility as of Aug. 31, with most via a dollar deposit scheme for the diaspora.

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India's central bank said on Wednesday it had attracted $136.38 billion inflows under its forex swap facility as of August 31, with most of these coming via a dollar deposit scheme aimed at the diaspora.Banks in India received $127.23 billion via foreign currency non-resident deposits, $3.89 billio…