Economy

Why it's a good thing that RBI’s swap facility for overseas-Indian deposits is closing early

· 18 August 2026 · 2 min read
Why it's a good thing that RBI’s swap facility for overseas-Indian deposits is closing early

Mint has reported a new India-focused economy development: “Why it's a good thing that RBI’s swap facility for overseas-Indian deposits is closing early.” The publisher's feed describes the story as follows: The scheme has been a success but it’s far from costless. In any case, Indian policy must focus on a lasting solution to the country’s current account deficit, which demands action on two other fronts. Treat the cause, not the symptom. Intellectual Janata Party includes this item for publi

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