RBI recalibrates rupee inflow strategy as liquidity rises, Commerzbank says
Commerzbank analysts say the Reserve Bank of India's early closure of the FCNR(B) swap window follows strong FX inflows and rising liquidity.
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Commerzbank analysts note that the Reserve Bank of India has adjusted its foreign-exchange inflow management. The early closure of the FCNR(B) swap window follows strong FX inflows and rising liquidity.
The move suggests the RBI is recalibrating how it manages rupee liquidity and external inflows, according to the analysts.
Source: FXStreet Forex News