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RBI's swap scheme may attract $80-85 billion in forex inflows, says SBI report
The Reserve Bank of India's concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, according to an SBI research report released on Monday.
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economictimes.indiatimes.com
India may see up to $85 billion in forex inflows after RBI's FCNR move: Report
India anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars. Public sector banks are leading this significant…
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timesofoman.com
India's FCNR (B) inflows projected to touch $80-85 billion; Already surpassed 2013 levels: SBI Research
India may now receive Foreign Currency Non-Resident (Bank) deposits in the range of $65-70 billion by the end of the scheme and overall $80-USD 85 billion
