RBI's FCNR (B) scheme: Can India mop up $50 billion?

22 July 2026 at 9:19 pmHyperFast News

#RBI #FCNR (B) scheme #Foreign currency deposits #Indian economy #Banking

Summary

RBI data shows banks have mobilized $17.41 billion through FCNR (B) deposits, with market expectations for a total of $45-55 billion, significantly higher than the $26 billion raised in 2013.

RBI's FCNR (B) scheme: Can India mop up $50 billion?

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