PRESS DIGEST- Financial Times - Sept 28
Sept 28 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
MUMBAI, Sept 30 India received $3.6 billion through the two concessional foreign exchange swap facilities as of Monday, said an official at the Reserve Bank of India (RBI), who declined to be identified.
These swap arrangements have been provided by the RBI to banks for attracting more dollar funds to help finance the country's wide current account deficit.
According to bankers, about $8-$10 billion is expected to come through the foreign currency non-resident deposits, while about $5 billion through a relaxed Tier I capital raising window. (Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)
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