FCNR(B) inflows jump to $127 billion, beating market expectations
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India has attracted a staggering $136.4 billion through the RBI’s concessional swap facility by August 31, far exceeding market expectations of $90–100 billion. FCNR(B) deposits accounted for the bulk at $127.2 billion. The strong response to the swap facility prompted the RBI to close the FCNR(B) window a month early. ICICI Bank mobilised $17.9 billion, while SBI exceeded its $10 billion target. Public sector banks have also deployed $52.8 billion through GIFT City IFSC units. #fcnrb #rbi #dollar #banks #rupeevsdollar Important Playlists National News: https://www.youtube.com/playlist?list=PLK5e1a2965YXb9Oh62yur4MRCdRLL6gCt Business News: https://www.youtube.com/playlist?list=PLK5e1a2965YVXM88oXiuA1JMLZtODGP1y World News: https://www.youtube.com/playlist?list=PLK5e1a2965YW0Swy6-R3i50F5FbtDRiEe BS Decoded: https://www.youtube.com/playlist?list=PLK5e1a2965YWYuC7DEL8Lxl-rhiElowEE Want access to Business Standard’s premium insights? Join our exclusive LinkedIn communities and conne
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