FCNR(B) deposits double after RBI swap window

FCNR(B) deposits double after RBI swap window. Foreign currency deposits surged to $17.6 billion from $9.1 billion after the RBI’s 3-year swap window at 6.5%. SBI and HSBC led mobilisation, boosting forex funding for banks. This eases dollar liquidity pressure amid strong corporate dollar inflows.

📊 STOCKS: SBIN, HSBC | 🏢 SECTOR: Banking | #MEDIUMIMPACT #FCNR