Tag: FCNR-B deposits
Posted in Economy
RBI’s success on dollar flows raises stakes in inflation fight & clamour for rate hike
Just months ago, India’s central bank pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The…
Posted in Business
RBI reports $136.38 billion forex inflows under special swap facility as of August 31
Foreign exchange inflows under the Reserve Bank of India’s special USD-INR swap facility reached USD 136.38 billion as of August 31, with Foreign Currency Non-Resident…
Posted in Economy
India’s foreign exchange reserves up almost $50 billion since July
Kolkata: India’s foreign exchange reserves surged by nearly $50 billion since July as inflows swelled into the banks’ foreign currency non-resident bank (FCNR-B) following the…