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Record FCNR (B) inflows as banks mobilise $127 bln
Banks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes. The FCNR(B) scheme alone accounted for over 93% of these inflows. This influx helped swell foreign exchange reserves to a record high. The swap scheme for ECBs and OFCBs continues until December 2026.
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economictimes.indiatimes.com
Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion…
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cryptobriefing.com
India secures record $127B in foreign-currency inflows from diaspora
India's RBI mobilized a record $127.23 billion in FCNR(B) deposits from its diaspora through a special swap facility that closed a month early
