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India draws $32 billion in foreign capital as FCNR(B) deposits outpace 2013 mobilisation in just 45 days

Sunday, August 2, 2026 - 01:12
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India draws $32 billion in foreign capital as FCNR(B) deposits outpace 2013 mobilisation in just 45 days
Governor Sanjay Malhotra said the RBI is keeping a close watch on whether existing deposits are simply being rolled over to take advantage of the higher interest rates available under the new scheme

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