RBI’s FCNR-B deposit facility attracts over $127 billion
The Reserve Bank of India (RBI) said its special US dollar-Indian rupee (USD-INR) forex swap facility has received forex inflows of over 136 billion US dollars till August 31, 2026. Of the total inflows, Foreign Currency Non-Resident (Bank) [FCNR-B] deposits accounted for the overwhelming majority, amounting to 127.2 billion US dollars. Meanwhile, Overseas Foreign Currency…
