Can India mop up $50 billion under RBI's FCNR (B) scheme?
· livemint.com
The RBI’s latest data shows banks mobilized $17.41 billion through FCNR (B) deposits. Market expectations are for a total of $45-55 billion compared with $26 billion raised in 2013.
Subhana Shaikh
Subhana Shaikh is a business journalist at Mint, where she covers the Reserve Bank of India, monetary policy, and India’s bond markets. She ha...