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RBI's $15-billion dollar-rupee swaps helping Indian companies raise cheaper overseas loans

2025-03-05 01:59:12| The Economic Times

The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.


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