Fresh FCNR (B) deposit inflows robust at $17.406 billion under RBI’s limited period swap facility

Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facility

Foreign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twenty billion dollars in total inflows. FCNR(B) deposits accounted for seventeen…