Economy
RBI Reports FCNR-B Deposit Inflows Exceed $65 Billion
Moneycontrol1h
THE BRIEF
1
The Reserve Bank of India (RBI) announced that inflows into FCNR-B deposits have surpassed $65 billion ahead of the August 31, 2026, deadline.
2
Total forex inflows through the FCNR (B), OFCB, and ECB swap facilities reached $72.85 billion by August 21, providing significant support to the Indian Rupee.
3
The RBI decided to end the foreign currency swap window early, prompting banks to accelerate their foreign borrowing strategies to manage liquidity.