Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule | Finance News
[ad_1] The Reserve Bank of India (RBI) has decided to close its swap facility for foreign currency non-resident (bank), better known as FCNR(B), deposits one month ahead of schedule as inflows have risen rapidly, with banks already mobilising $52.3 billion under the scheme by August 13. The move comes just about a week after … Read more