FCNR inflows lower short-term borrowing costs, raising liquidity levels and potentially impacting future inflation, warns ICICI Bank Research.

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…

The RBI’s scheme for attracting foreign currency deposits from NRIs has boosted banking-system liquidity, reducing banks’ need to raise funds through CD's. | India News