MCQ
RBI USD-INR swap facility and FCNR(B) window MCQ - Practice Questions with Answers
Solve 1 RBI USD-INR swap facility and FCNR(B) window questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the Reserve Bank of India's special USD-INR forex swap facility launched on 8 June 2026, consider the following statements: 1. By 21 August 2026, banks had raised a total of 73 billion US dollars under the facility. 2. FCNR(B) deposits alone accounted for about 26 billion US dollars of the inflows under this facility. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: by 21 August 2026 banks raised 73 billion US dollars under the facility. Statement 2 is incorrect because FCNR(B) deposits alone contributed 65.40 billion US dollars; about 26 billion dollars refers to the earlier 2013 FCNR(B) swap scheme, which raised roughly that amount in nearly three months. Hence only statement 1 is correct.
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