Bankers have been worried about the eventual outflows of these funds, but RBI officials have assured them in informal meetings that they have adequate buffers to manage such an eventuality, the banking sources said.
"Whenever banks have expressed concerns about potential outflows on the forex and debt market, the RBI has always responded positively," said a treasury official at a state-run bank.
The official and other sources requested not to be named as they are not authorized to speak to the media.
The RBI has never disclosed the quantum of such funds, the sources said.
Reporting by Ira Dugal, Siddhi Nayak and Dharamraj Dhutia; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
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CLSA, Ira Dugal, Siddhi Nayak, Dharamraj, Savio D'Souza
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Reserve Bank of, U.S, Bankers, Reuters, Thomson
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