India attracts $10 billion in RBI deposit drive
after close1 source ↓written by the desknot a recommendation
- in inflows
- $10 billion
India has secured nearly $10 billion in inflows via the Reserve Bank of India’s special deposit program aimed at overseas Indians. This initiative supports efforts to enhance FX reserves and stabilize the rupee. Following a recent clarification, banks can now lend against these deposits, increasing their attractiveness for investors. 📈
Not investment advice. For informational purposes only.