1 August 2026 at 3:30 pm
Summary
Banks have received $36.7 billion through FCNR deposits under a new incentive scheme for NRIs, which allows leveraged deposits until the end of September with the central bank covering hedging risks, potentially offering investors up to 14% returns.
UAE Spearheads India's FCNR Deposits, Over $10 Billion Sourced
1 Aug 2026, 9:36 am · economy
FCNR Deposits from Indian Diaspora in UAE See Significant Inflow
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Leveraged FCNR Deposits Are Not Risk-Free—Nor Is the Overall Design of India's Dollar-Attracting Scheme
15 Jul 2026, 12:30 pm · Finance
FCNR(B) Deposits Contribute Over 90% to RBI's $40.82 Billion Forex Swap Scheme
1 Aug 2026, 7:35 pm · Economy
Rupee posts strongest week since March on RBI support and IT sector growth
1 Aug 2026, 1:35 am · Economy
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