RBI Rules Out Early End to Forex Swap Schemes

The Reserve Bank of India, which is the central bank of India, helps the country's money stay strong.

It has special plans that encourage people and companies to bring foreign money into India.

These plans help the Indian rupee not lose too much value.

The RBI said it will not stop these plans early.

One plan, called FCNR(B), will end in September, while two others will keep going until December.

Indian banks have already collected a lot of foreign money through these plans.

Many investors are now sending money back into India.

Foreign companies are also investing more money in India this year.

The rupee has gotten a bit stronger recently, and the RBI says it will only step in to stop very big swings in its value.