RBI to bear hedging costs for banks’ foreign currency deposits, flows of over $10 bn seen
Published on: June 5, 2026, 9:54 p.m. | Source: Livemint
The measure should be a “game-changer” as it would help attract foreign currency flows while allowing banks to bolster their deposit growth and meet client funding requirements, said P.D. Singh, chief executive officer, India & South Asia, Standard Chartered Bank.
