FCNR(B) deposit inflows reach $36.725 billion between June 8 and July 31: RBI
· thehindubusinessline.com
Banks have raised $36.7 billion through FCNR(B) deposits under the RBI's hedging facility, helping lift India's total forex inflows to $40.8 billion.
Banks seem to be going all out to mobilise funds under Foreign Currency Non-Resident (Bank) deposits. Between June 8th and up to July 31st, they have mopped up ...