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Bank of Baroda Expects $4-5 Billion Inflows from RBI's Forex Measures
FundingJun 11, 2026

Bank of Baroda Expects $4-5 Billion Inflows from RBI's Forex Measures

The Reserve Bank of India is doing something unusual. It is paying banks' hedging bills. For FCNR(B) deposits, the central bank is absorbing the entire cost. For PSU external commercial borrowings, it is picking up 1.5 percentage points of the swap cost. The message is clear: bring dollars home. And Bank of Baroda, with its extensive overseas network, expects to bring $4-5 billion of that total itself.

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