Posted inBusiness
RBI Forex Swap Attracts Massive Inflows Driven by FCNR Deposits
The central bank of India's recent foreign exchange swap pulls in over 136 billion dollars, heavily propelled by robust FCNR deposit growth.
Posted inBusiness
India Leverages FCNR(B) Deposits as Rupee Shield Amid Global Economic Volatility
The Reserve Bank of India and domestic commercial banks are increasingly utilizing Foreign Currency Non-Resident (Bank) deposits as a key macroeconomic instrument this quarter to stabilize the Indian Rupee against…
