• Forex mop up under RBI’s swap scheme doubles to over $40bn

    Forex mop up under RBI’s swap scheme doubles to over $40bn

    MUMBAI: RBI has said that total forex mobilisation under its concessional dollar swap facility has crossed $40 billion, more than doubling in a fortnight and surpassing the FCNR(B) deposit mobilisation seen during the 2013 special window despite higher US bond yields and tax-related challenges affecting NRI investments.Authorised dealer banks had mobilised $40.8 billion under the…

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  • ISL: Jamshedpur cite cashflows, financially unviable model for exit | Goa News

    ISL: Jamshedpur cite cashflows, financially unviable model for exit | Goa News

    Tata Steel had successfully bid for the Jamshedpur franchise in 2017 Panaji: Jamshedpur FC’s decision to withdraw from the Indian Super League (ISL) has a lot to do with finances and the belief from its shareholders that the top tier league is financially unviable.The former ISL champions – owned by Tata Steel – took the…

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