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Forex inflows rise to USD 143.6 billion

economictimes.indiatimes.com · 5h · first reportShare

Foreign exchange inflows under the Reserve Bank of India's special USD-INR forex swap facility have risen to USD 143.60 billion, with Foreign Currency Non-Resident (Bank) or FCNR(B) deposits increasing by about USD 5.75 billion from the provisional figure reported earlier this month.According to an RBI release issued on Monday, FCNR(B) deposits mobilised till August 31 stood at USD 132.98 billion, compared with the provisional USD 127.226 billion reported earlier, an increase of USD 5.754 billion.The latest data showed that Overseas Foreign Currency Borrowings (OFCBs) contributed USD 5.32 billion, while External Commercial Borrowings (ECBs) accounted for USD 5.296 billion. This took total forex inflows under the facility to USD 143.596 billion.Earlier provisional data released by the central bank had put total inflows as of August 31 at USD 136.377 billion, including USD 127.226 billion through FCNR(B) deposits, USD 5.26 billion through OFCBs and USD 3.891 billion through ECBs.This mea