RBI Wraps Up FCNR(B) Swap Early: Just a Tiny Slice!

So, the RBI decided to close its FCNR(B) deposit swap early, like, whoa! They already snagged over $52 billion! Now, the $10.5 billion cost sounds huge, but it’s just a teeny slice of their $700 billion reserve pizza. So, no sweat! It’s all about keeping those liquidity vibes strong, baby!