FCNR [B] – RBI decides to pre-close -the reason – $52.30 billion already in the kitty [2] will end by 31.08.26 [3] However the scheme for  ECB & OFC borrowings will continue to be open till December 31, as hitherto [4] Additional [ but unverified] information– $ 52 billion of FCNR[B] deposits will mean ₹ 5 crore liquidity getting released into the system– News Courtesy BusinessLine

Leave a Reply