Record FCNR (B) inflows as banks mobilise $127 bln

Banks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes. The FCNR(B) scheme alone accounted for over 93% of these inflows. This influx helped swell foreign exchange reserves to a record high. The swap scheme for ECBs and OFCBs continues until December 2026.