FCNR(B) inflows stabilise rupee but fail to trigger 2013-style rally
· thehindubusinessline.com
RBI’s FCNR(B) scheme has attracted over $52 billion, boosting rupee support, but high global rates and crude oil risks limit currency appreciation.
The Reserve Bank of India’s FCNR(B) deposit mobilisation scheme has attracted more than $52 billion so far and could have crossed $80 billion, including relat...