INR/USD: India RBI Uses Currency Swaps to Reduce $115 Billion Cash Surplus
India’s central bank used currency swaps to drain cash from banks, according to people familiar with the matter, as excess funds in the financial system climbed to a record.
<p>India’s central bank used currency swaps to drain cash from banks, according to people familiar with the matter, as excess funds in the financial system climbed to a record.</p>