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VERIFIEDMint Industry·positive
RBI's special forex swap facility draws over ₹3.89 lakh crore by July-end; FCNR(B) deposits dominate inflows
AI Summary
- ·The RBI's special forex swap facility attracted over ₹3.89 lakh crore by the end of July.
- ·FCNR(B) deposits were the main driver of inflows, accounting for approximately ₹3.50 lakh crore.
- ·USD 36.725 billion in FCNR(B) deposits contributed to the total inflows.