FCNR(B) Deposits Strengthen India’s External Financial Stability Framework
Why in the News ? The Reserve Bank of India (RBI) has revived the FCNR(B) concessional swap window to attract foreign currency deposits from Non-Resident Indians (NRIs). The initiative aims to strengthen foreign exchange reserves, support the Indian rupee, and enhance resilience amid global economic uncertainty, offering structured investment solutions that appeal to institutional investors…
