Banks have raised $36.7 billion through FCNR(B) deposits under the RBI's hedging facility, helping lift India's total forex inflows to $40.8 billion.

Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in…

Banks have raised $36.7 billion through FCNR(B) deposits under the RBI's hedging facility, helping lift India's total forex inflows to $40.8 billion.