Overseas deposits leave Indian banks with an unhedged dollar-interest risk

Banks have raised more than $127 billion through foreign-currency deposits since RBI support measures, while interest payments are largely outside the central-bank swap cover.

INDIAN MARKET GRID EDITORIAL DESK6 MIN READPUBLIC PREVIEW

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Banks have raised more than $127 billion through foreign-currency deposits since RBI support measures, while interest payments are largely outside the central-bank swap cover.

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