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RBI Collects $10 Billion from FCNR Window, But Uses it to Sell Rupees in Market

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The RBI has announced that it has collected a phenomenal $10 billion through the FCNR dollar swap arrangement. The Reserve Bank has received till date USD 10.1 billion under the special concessional window for swapping Foreign Currency Non-Resident (Banks) Deposits …

[via Capital Mind]

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