Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

RBI's FCNR, forex schemes draw $40.81 billion in inflows so far

The Reserve Bank of India (RBI)'s special schemes to draw foreign exchange into the country have resulted in total dollar inflows of $40.81 billion upto July 31, the central bank said in an update on its website.

Foreign currency non convertible rupee bank FCNR (B) deposits make up a majority of these inflows at around $36.72 billion, surpassing the 2013 level of $26 billion in less than two months since the scheme was operationalised on June 8.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.