FCNR deposits bring ₹1.45 lakh crore inflow for India
after close1 source ↓written by the desknot a recommendation
- in under seven
- $20.72 billion
- approximately
- $17.5 billion
- approximately
- ₹1.45 lakh crore
The Reserve Bank of India has mobilized $20.72 billion in under seven weeks, with FCNR deposits contributing nearly $17.5 billion (approximately ₹1.45 lakh crore). This influx may help stabilize the rupee against the dollar amid global economic pressures. The swift capital accumulation has surprised analysts, alleviating concerns over attracting dollar deposits in a high-interest environment.
Not investment advice. For informational purposes only.