Indian commercial banks are utilizing FCNR deposits for forex inflows, influenced by Raghuram Rajan's views on the FCNR swap window.
2 reports, 2 independent
Updated Jul 20
Gone quiet
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New informationRepeats or wire copies
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What happened
Indian commercial banks are utilizing FCNR deposits for forex inflows, influenced by Raghuram Rajan's views on the FCNR swap window.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Rajan critiques RBI's FCNR(B) policy while discussing historical Fed signals and RBI's 2013 stabilization efforts.1 source
Raghuram Rajan's views influenced policy regarding Indian banks using FCNR deposits for forex inflows.1 source
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The entities involved
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RBL Bank
Indian private bank
Nothing else this week.
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Raghuram Rajan
Indian economist and former governor of Reserve Bank of India
Nothing else this week.