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The Economic Times

Global Business / The Economic Times

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Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources say

Indian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of India. Banking system liquidity reached a record high following foreign currency deposits. The central bank has several tools to manage liquidity effectively. Lenders urged the RBI to avoid impacting bank margins with other measures.

3 Sep 2026 5:59 pm