FinanceTimes of India
India's forex boost: RBI's swap scheme raises $20.72 billion so far
in5points
RBI's special swap facility raised $20.72 billion by July 17.
Majority of inflows came through Foreign Currency Non-Resident (FCNR) deposits.
Overseas Foreign Currency Borrowings and External Commercial Borrowings also contributed.
Facility aims to strengthen India's balance of payments and encourage capital inflows.
Banks expect further rise in FCNR(B) deposits before the September deadline.
Story angle
Center-right
L
CL
C
CR
R
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family