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SBI, HSBC lead FCNR(B) deposit mobilisation
Foreign currency deposits have significantly increased following a Reserve Bank of India swap facility. State Bank of India and HSBC are leading banks in this deposit mobilization effort. This scheme aims to attract stable foreign currency inflows into India. The Reserve Bank of India's dollar swap facility received substantial funds till July 31. Overall inflows are projected to reach eighty to eighty-five billion dollars.
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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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thehindubusinessline.com
FCNR(B) deposit inflows reach $36.725 billion between June 8 and July 31: RBI
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.
