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$100 bn in sight: India is rolling in dollars but what about the rupee?
Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) deposits, with economists projecting inflows could reach $100 billion. The programme is aimed at strengthening India's external defences and ensuring dollar liquidity during global volatility, rather than boosting the rupee, which has remained largely unchanged.
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economictimes.indiatimes.com
RBI's FCNR, forex schemes draw $40.81 billion in inflows so far
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…
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cryptobriefing.com
India's central bank pulls in $41B with targeted capital-flow measures in just two months
The Reserve Bank of India's targeted capital-flow measures attracted $40.81 billion in foreign currency inflows within two months, led by FCNR(B)
