RBI Clarifies FCNR(B) Swap: Hedging Cover Applies to Principal Only, Not Interest

The Reserve Bank will bear forex hedging costs solely on the principal of FCNR(B) deposits under its special swap facility; banks must independently hedge the interest component, capping RBI's currency-risk exposure.

ndtv-profit-business · 6/28/2026, 12:43:27 PM · Ask about this →