SENSEX
NIFTY
GOLD
USD/INR

Weather

image 35    C

Company News

The Economic Times

Company / The Economic Times

details

ET Analysis: RBIs FCNR U-turn dents policy certainty

The RBIs early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 billion under the scheme by August 14, prompting the RBI to shut it on August 31 instead of September 30. Bankers say the move could disrupt dollar borrowings and leverage plans, while raising questions about Indias investment-policy predictability.

17 Aug 2026 12:32 pm