Tag: FCNR(B) scheme
Posted in Economy
RBI’s liquidity test may set future course
Mumbai: The outcome of the 30-day variable rate reverse repo (VRRR) auction to absorb ₹7 lakh crore will be a key determinant of how the…
Posted in Economy
RBI’s FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
New Delhi: The Reserve Bank of India‘s (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised…