The Reserve Bank of India's (RBI) special concessional swap facility for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits has led to a sharp surge in overseas foreign currency inflows, with outstanding FCNR(B) deposits rising by nearly 86 per cent in less than two months.
New Delhi [India], August 3 (ANI): The Reserve Bank of India's (RBI) special concessional swap facility for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits has led to a sharp surge in overseas foreign currency inflows, with outstanding FCNR(B... [2393 chars]
Source: The Tribune
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