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6 hours ago

Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facility

Foreign banks account for lion's share of FCNR(B) inflows under RBI's concessional swap facility

Mumbai: Foreign banks have helped facilitate a lion's share of the over USD 17 billion in Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits mobilised under the Reserve Bank of India's concessional swap facility, bankers said on Tuesday. Some... Read more.

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