RBI FCNR(B) Swap Cost: Just a Drop in the Forex Bucket

Listen up, folks! The RBI just dropped the curtain on the FCNR(B) swap, costing a mere $10.5 billion over five years. But hold your horses! That's just 1.45% of India's forex reserves! With $52 billion already in the bag, they closed the swap party early because they crushed their target—talk about a power move! The Rock approves!