RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn

The Reserve Bank on Monday upwardly revised the collections under the special Foreign Currency Non-Resident (FCNR-B) deposit scheme to USD 133 billion till August 31, the closing date, which was advanced by a month following a robust response from the Indian diaspora. According to the provisional data released on September 2, the mobilisation by banks under FCNR (B) stood at...