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RBI's forex swap to boost inflows, support rupee: Thomas Cook CEO
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RBI introduced a USD-Rupee forex swap facility for FCNR(B) deposits with interest up to 7.1%.
The facility aims to boost forex inflows and support the rupee.
Thomas Cook's CEO welcomed the move, noting it could stabilize travel costs and benefit its forex business.
Thomas Cook reported strong digital growth in Q1 FY27.
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Rajeev Chandrasekhar / Jupiter Capital interests historically