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Banks may mop up $5 bn from NRI fund swap facility: SBI Report

Last Updated: Friday, September 06, 2013, 20:04

An SBI research report on Friday said banks are likely to net USD 5 billion by March, 2014 by availing RBI's special window facility to swap foreign currency non-resident (FCNR) dollar funds -- half of what experts from foreign brokerages have initially estimated.