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FCNR(B) Deposits Strengthen India’s Stability

FCNR(B) Deposits Strengthen India’s External Financial Stability Framework Why in the News ? The Reserve Bank of India (RBI) has revived the FCNR(B) concessional swap window to attract foreign currency deposits from Non-Resident Indians (NRIs). The initiative aims to strengthen foreign exchange reserves, support the Indian rupee, and enhance resilience amid global economic uncertainty, offering …