The Reserve Bank of India said in a statement that the FCNR‑B deposit swap facility will close on August 31, and the swap business under this instrument can be processed until September 11. Up to now, banks have raised a total of US$56.85 billion under the special foreign exchange deposit raising program, of which US$52.3 billion comes from FCNR‑B deposits.

The Reserve Bank of India said in a statement that the FCNR‑B deposit swap facility will close on August 31, and the swap business under this instrument can be processed until September 11. Up to now, banks have raised a total of US$56.85 billion under the special foreign exchange deposit raising program, of which US$52.3 billion comes from FCNR‑B deposits.