India Business News: MUMBAI: Banks are accelerating foreign-currency bond and external commercial borrowing after RBI closed its FCNR(B) deposit swap facility a month ahea.
RBI introduced the swap facility on June 6 to provide banks with a cheaper route to raise foreign currency abroad. (Photo: ANI) MUMBAI: Banks are accelerating foreign-currency bond and external commercial borrowing after RBI closed its FCNR(B) deposi... [1724 chars]Luxembourg-based company focuses on bonds purchased at par, fixed contractual income and scheduled repayment at face value
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