Forex intervention by RBI to touch USD 93 bn by March: Report
The report by the Wall Street brokerage Bank of America Securities also expects the central bank to raise banks HTM (held-to-maturity) limits of excess government securities by 2 per cent of their books to fund the fiscal deficit if high forex intervention limits its open market operations (OMOs).
PE deals jump 108% to USD 33.8 billion in 2020: Report
Photo by John Guccione
The Reserve Bank of India (RBI) is likely to spend at least USD 20 billion more to support the rupee and increase the forex kitty through the reminder of the financial year, taking its overall forex intervention to USD 93 billion, according to a report.