21-June-2026
Banking
 
RBI seeks daily reporting of FCNR (B) deposits, ECB data
20-Jun-2026

The Reserve Bank of India (RBI) has asked banks to report data on FCNR (B) deposits, external commercial borrowings and overseas foreign currency borrowings daily, it said in a notification on Friday. On June 8, the RBI launched the swap facility for FCNR (B) deposits and ECBs. It would absorb the full hedging cost on incremental FCNR(B) deposits and partial hedging cost for ECBs, as part of a broader package of measures aimed at attracting foreign currency inflows and supporting the rupee.

News Source:- https://www.financialexpress.com/business/banking-finance/rbi-seeks-daily-reporting-of-fcnr-b-deposits-ecb-data/4272080/?ref=hometop_hp
 
 
 

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