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RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
The Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to one hundred billion dollars by its closing date. These inflows are helping to stabilize the Indian rupee after a period of weakness. Additionally, tax-free government bonds are attracting foreign investment and improving capital flows.
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economictimes.indiatimes.com
Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this
The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay…
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m.economictimes.com
RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
The Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to one hundred billion dollars by its…