India's recent Foreign Currency Non-Resident (Bank) or FCNR(B) deposit scheme closed on August 31, 2026, with total collections reaching $127.23 billion.
Scheme closure preponed due to high collection.
The previous special FCNR(B) swap scheme was introduced in 2013 by then-RBI Governor Raghuram Rajan, most famous economist.
PM was Dr MMS, grear economist.
FCNR(B) raised approximately $26 billion in foreign currency non-resident bank deposits.
एक महान अर्थशास्त्री प्रधानमंत्री और चाय वाला प्रधानमंत्री के बीच का अंतर तो देखिए।
28September 3, 2026 717 1 3
