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VERIFIEDET Finance·positive
Indian bank deposits jump by $115 billion over three fortnights to record high
AI Summary
- ·Indian bank deposits have reached a record high, increasing by $115 billion over three fortnights.
- ·The surge in deposits is largely attributed to dollar inflows from a Reserve Bank of India scheme.
- ·The Reserve Bank of India's foreign-currency non-resident scheme has attracted substantial foreign currency deposits.