RBI says $40.82 billion mobilised under forex swap facility till July 31
The Reserve Bank of India (RBI) said $40.82 billion was mobilised under its forex swap facility till July 31. The facility, part of a series of RBI measures, was designed to strengthen the country’s balance of payments and to incentivise capital inflows. The mobilisation reflects the response to the central bank’s steps to shore up foreign exchange inflows.
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The quantum mobilised under an RBI forex measure and its balance-of-payments purpose are examinable banking-awareness facts.
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- $40.82 billion mobilised under the forex swap facility till 31 July.
- Announced by the Reserve Bank of India (RBI).
- Aimed at strengthening the balance of payments.
- Intended to incentivise capital inflows.
Background
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