RBI Forex Swap Scheme Attracts $72.85 Billion Inflows, FCNR(B) Deposits Lead
By United One News · AI-generated summary of 4 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
- The Reserve Bank of India’s special USD‑INR forex swap facility has drawn $72.85 billion in foreign exchange inflows as of August 21, according to data from authorized dealer banks.
- Nearly 90 percent of the total, or $65.4 billion, came from Foreign Currency Non‑Resident (Bank) deposits, making them the dominant source of the inflows.
- The large inflow reflects continued foreign investment in Indian rupee assets and the central bank’s efforts to manage liquidity.
“RBI’s special forex swap facility mobilises $72.85 billion, with FCNR(B) deposits contributing nearly 90 per cent of total inflows.”
Covered by 6 outlets across the spectrum: 0% left, 33% center, 67% right.
How each side framed it
RBI Forex Swap Scheme Attracts $72.85 Billion Inflows, FCNR(B) Deposits Account For Lion’s Share
Forex inflows reach $72.85 billion: RBI
Left-leaning outlets have under-covered this story. Of 6 outlets, only 0 are on the left of the spectrum.
Timeline
First reported by Free Press Journal on ; 6 articles from 4 outlets so far.
Who is covering this story
- Center (1): Free Press Journal
- Right-leaning (3): Sunday Guardian, Times of India, Times Now
Sources
- RBI Forex Swap Scheme Attracts $72.85 Billion Inflows, FCNR(B) Deposits Account For Lion’s Share — Free Press Journal (center) ·
- Forex inflows reach $72.85 billion: RBI — Sunday Guardian (right-leaning) ·
- Collections under RBI's dollar swap scheme exceed $72.8 billion — Times of India (right-leaning) ·
- Foreign Investors Keep Buying Indian Equities, Strong GDP Outlook And Earnings Revival Support FPI Inflows — Free Press Journal (center) ·
- RBI’s Forex Push Brings In $72.85 Billion in Foreign Currency — Times Now (right-leaning) ·
- RBI Forex Facility Draws $72.85 Billion: Why FCNR(B) Deposits Are Leading The Surge — Times Now (right-leaning) ·