The Reserve Bank of India recently announced a revised timeline for the swap facility associated with FCNR(B) deposits, now set to end on August 31, 2026. This adjustment follows an unexpected increase in foreign currency inflows noted until August 13. Meanwhile, borrowers utilizing ECB and OFCB options will continue to benefit from an extended scheme, running through December 31, 2026.
TD Securities’ Ryan McKay and Bart Melek note that CTA (Commodity Trading Advisors) net long positioning in Gold is becoming more entrenched as discretionary demand improves.
