Economy · India
RBI Forex Swap Facility Attracts Over $20 Billion Inflows
India's foreign exchange reserves have seen a significant increase, with over $20 billion mobilised through the Reserve Bank of India's (RBI) special swap facility since June. The facility, particularly the FCNR(B) deposits, attracted approximately $20.72 billion in inflows. This surge contributed to India's overall forex reserves reaching $675.15 billion. Separately, reports indicate Pakistan is seeking a $10 billion US currency lifeline to stabilise its economy.
How outlets across the spectrum covered it
Left 2 · Centre 6 · Right 1 n = 9
- Left (2): The Hindu, The Telegraph (India)
- Centre (6): Business Standard, Mathrubhumi English, Mint, The Free Press Journal, The Indian Express, The New Indian Express
- Right (1): Firstpost
- International (1): Bloomberg