The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This initiative, featuring an attractive at-par swap arrangement, aims to attract significant foreign currency inflows, with banks exempted from CRR and SLR requirements on these deposits.

RBI introduces ECB and FCNR (B) swap windows to enhance liquidity and support foreign currency inflows until January 2027.

The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This initiative, featuring an attractive at-par…