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FCNR(B) scheme sees robust inflows, no proposal to end it prematurely: RBI Governor Sanjay Malhotra
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The Indian Express
RBI Governor Sanjay Malhotra has said that banks are receiving robust inflows under the Foreign Currency Non-Resident (Bank), or FCNR(B) deposit scheme, and that there is no proposal to discontinue the scheme prematurely.
“We have got robust flows.
We don’t have a target in mind, but expect healthy flows going forward,” Malhotra said.
We had mentioned that we had a very strong external position even before these measures.
This further fortifies our external position,” he said.