India's Reserve Bank attracts nearly $10B in its FCNR(B) deposit drive, with analysts projecting $30-40B in total inflows to stabilize the rupee.

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The…

India's Reserve Bank attracts nearly $10B in its FCNR(B) deposit drive, with analysts projecting $30-40B in total inflows to stabilize the rupee.