Finance Ministry Sets FCNR(B) Deposit Mobilization Targets for Public Sector Banks to Stabilize Rupee
In a decisive move to bolster foreign exchange inflows and support the domestic currency, the Finance Ministry has assigned specific Foreign Currency Non-Resident (Bank)—or FCNR(B)—deposit mobilization targets to India's public sector banks. The directive urges state-owned lenders to aggressively t...
