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Banking stocks rise on forex swap facility for overseas borrowings

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Banking stocks rise on forex swap facility for overseas borrowings
Bank Stocks Rose After Rbi Released Details Of Its Forex Swap Facility For Overseas Borrowings By Lenders.

Bank shares climbed after the RBI disclosed the specifics of its forex‑swap facility for overseas borrowing by lenders.
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bl-online Administrator

Indian bank shares gained over 1% on Tuesday when the RBI unveiled the details of its forex‑swap facility for overseas borrowing by lenders.

Banks can obtain a concessional swap from the Reserve Bank of India for overseas borrowing with a minimum tenure of three years, the RBI said.

The Nifty Bank index climbed 1.2% and the broader Nifty 50 gained 0.5%.

Published on June 9, 2026

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