Tag: NRI deposits India
Posted in Economy
RBI FCNR(B) deposits: RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs
The Reserve Bank of India has upwardly revised the amount mobilised under its special Foreign Currency Non-Resident (FCNR-B) deposit scheme to around USD 133 billion…
Posted in Economy
RBI cuts FX swap window short after NRI deposits cross $50 billion
Mumbai: Strong inflows from a foreign deposit drive prompted the Indian central bank to cut short a zero-cost FX swap facility for banks, with policymakers…