FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak Forex News October 26, 2026 Mumbai: Uday Kotak, founder of Kotak Mahindra Bank, called India’s Foreign Currency Non-Resident Bank (FCNR(B)) deposit mobilisation scheme a “strong…
RBI’s forward dollar sales surge to record $200 billion in August Forex News October 24, 2026 Mumbai: The Reserve Bank of India (RBI) made a record net purchase of $43.26 billion in the spot foreign exchange…
RBI may have to bear forex risk to boost foreign money inflows Forex News May 7, 2026 India’s efforts to draw more dollar investments, likely from non-residents, would probably need central bank support to cover exchange risks…
