India News
FCNR(B) Deposits Drive India's Forex Reserves to Record $729.33 Billion
Indicates greater ability of RBI to defend the rupeeTHE RBI’s concessional swap window for Foreign Currency Non-Resident (Bank) deposits has helped propel India’s foreign exchange reserves to a record high of $729.33 billion as on August 21. The FCNR (B) window has been operational since June…
Aug 29, 2026
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Vivek Bagchi