FCNR(B) inflows cross $100 billion, far exceed RBI’s $80-billion estimate: Report
FCNR(B) inflows have surpassed $100 billion, significantly exceeding the Reserve Bank of India's initial estimate of $80 billion. The report highlights a notable discrepancy between projected and actual foreign currency deposits.
Why it matters
This surge in inflows provides important data for analysts tracking India's foreign exchange reserves and banking sector liquidity.
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