India draws $32 billion in foreign capital as FCNR(B) deposits outpace 2013 mobilisation in just 45 days
MINT·2026-07-27 20:19
India has attracted nearly $32 billion in foreign capital under the Reserve Bank of India's (RBI) special measures, with most of the inflows coming through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, RBI Governor Sanjay Malhotra said.According to an Economic Times report, FCNR(B) inflows have already crossed the $26 billion mobilised under the RBI's 2013 scheme in just about 45 days, making this one of the fastest foreign currency deposit mobilisation drives in the country's history.Malhotra sa ...