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News for India > Business > FCNR scheme draws billions, but does little to ease rupee pressure | Stock Market News
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FCNR scheme draws billions, but does little to ease rupee pressure | Stock Market News

Last updated: September 1, 2026 5:41 am
2 months ago
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As of 21 August, total inflows under the three swap windows had reached $72.85 billion, including $65.4 billion through FCNR(B), $4.86 billion through OFCBs and $2.59 billion through ECBs. The RBI also brought forward the FCNR(B) closure date to 31 August from 30 September, citing the “encouraging response”. Swaps against eligible deposits, however, can continue with the RBI until 11 September.



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TAGGED:FCNR inflows IndiaFCNR(B) schemeindia balance of paymentsIndia external liquidityIndia foreign exchange reservesIndia forex reserves 2026Indian currency market URL headline: rbi-fcnr-b-deposits-indian-rupee-forex-reserves-dollar-inflowsIndian rupeeIndian rupee forecast 2026Indian rupee outlooknon resident Indian depositsNRI FCNR depositsrbi currency interventionRBI dollar inflowsRBI FCNR(B) depositsRBI foreign currency depositsrbi forex interventionReserve Bank of Indiarupee dollar exchange rateUSD INR forecast
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