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The Hindu·4 min read·hard

FCNR(B) turns litmus test | Explainer

S
Santosh V. Perumal
FCNR(B) turns litmus test | Explainer
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The Reserve Bank of India has revived the FCNR(B) deposit scheme to attract foreign currency inflows and stabilize the rupee amid geopolitical volatility. This strategy aims to mobilize long-term resources from the diaspora to offset declining foreign direct investment and portfolio outflows.

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Reserve Bank of India (RBI). File | Photo Credit: Reuters

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