80% of FCNR(B) inflows came via leverage, with two-thirds in five-year deposits, driven by high interest rates.

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…

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