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FCNR(B) Scheme Gives India Time but $170 Billion Repayment Looms

October 27, 2026 admin 0 Comments BANKING, external sector, FCNR(B), foreign currency deposits, FOREX RESERVES, India economy, rbi, Uday Kotak

India’s Foreign Currency Non-Resident Bank (FCNR(B)) deposit mobilisation has provided the country with a temporary buffer against global economic and