PSUs seek extension of RBI’s concessional ECB swap window
Public Sector Undertakings (PSUs) requested the Reserve Bank of India (RBI) to extend its concessional dollar-rupee swap window for External Commercial Borrowings (ECBs) by three months until March 2027, citing increased capital needs. The RBI's current swap window, which provides affordable currency hedging for PSUs, is set to expire on December 31, 2026. An extension could facilitate greater foreign currency fund mobilization and capital expenditure for these entities.