Indian Banks Said to Ask RBI to Ease Cash Crunch With FX Swaps

By Yahoo! Finance   |   2 days ago
Indian Banks Said to Ask RBI to Ease Cash Crunch With FX Swaps

Big lenders in India are urging the central bank to inject liquidity using foreign-exchange swaps due to high currency financing costs. This move aims to tackle funding squeeze and support the economy amid manufacturing slowdown.

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