Govt companies request RBI to extend concessional forex swap by three months
The Economic Times has reported a new India-focused economy development: “Govt companies request RBI to extend concessional forex swap by three months.” The publisher's feed describes the story as follows: 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
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