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Indian corporate borrowers
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- 1RBI FX swaps open cheaper dollar funding for Indian firms●India's RBI FX swaps create opening for firms to tap dollar funding at lower cost
India's central bank, the Reserve Bank of India, is using foreign exchange swaps in a way that creates an opening for Indian companies to raise dollar funding at lower cost. The report from Reuters suggests the swap mechanism is easing dollar liquidity conditions, giving corporates a cheaper alternative route to offshore borrowing.