FCNRB scheme sees robust inflows, no proposal to end it prematurely: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra confirmed that the Foreign Currency Non-Resident (Bank) scheme is experiencing strong inflows, with deposits reaching $36.725 billion as of July 31, 2026. He emphasized there are no plans to end the scheme prematurely, noting its positive impact on India's external position. The RBI expects continued healthy inflows moving forward.