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The RBI's concessional forex swap programme has provided India with significant near-term room to manage external pressures, but it should not be viewed as a permanent solution, Nageswaran said at the State Bank of India (SBI) Banking and Economics Conclave in Mumbai. Inflows through the facility, which covers Foreign Currency Non-Resident (Bank) deposits, overseas foreign currency borrowings and external commercial borrowings, had crossed $143.5 billion as of September 18. The inflows could help India record a balance of payments surplus of about $100 billion in this financial year, compared with a $23 billion deficit last year. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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