India has attracted over $40 billion in foreign currency under the RBI's special forex measures, led by FCNR(B) deposits. The inflows are strengthening the country's external buffers amid global market uncertainty.
Nearly two months after the Reserve Bank of India (RBI) rolled out measures to attract foreign currency, the response has exceeded expectations.
Banks have mobilised more than $36 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit... [2394 chars]
Source: Outlook Business
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