Reserve Bank of India (RBI) said that the concessional swap facility will not be extended beyond November 30, putting all speculation to rest, but allowed some breathing space for banks currently busy with negotiating with global lenders for taking overseas loans.The central bank said it will allow banks to get the benefit if they get firm commitment from global financial institutions on or before November 30, 2013.

Source : http://economictimes.indiatimes.com/markets/money-markets/rbi-to-shut-down-dollar-swap-window-on-november-30/articleshow/26227976.cms

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