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Economics1h 41m ago

Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits, highlighting the central bank's focus on boosting dollar inflows.

India

Who
Reserve Bank of India (RBI) deputy governor Rohit Jain, bank CEOs, Economists, bankers
What
Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits, highlighting the central bank's focus on boosting dollar inflows.
When
Sat, 13 Jun 2026 04:49:00 GMT · 1h 41m ago
Where
India ·
Why
The push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) deposits, aimed at strengthening forex reserves and easing pressures on the rupee.
The Frontline Impact

How this affects you

The RBI's initiative to attract $30-70 billion in foreign currency non-resident deposits could significantly bolster India's foreign exchange reserves, which have fallen to $681 billion, and help stabilize the Indian rupee, which depreciated nearly 11% last fiscal year.

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  1. Currently Reading1h 41m ago
    Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits, highlighting the central bank's focus on boosting dollar inflows.
  2. Economics1h 41m ago
    Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B) deposits.
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