RBI's Forex Swap Window Soars to $72.85 Billion—NRI Frenzy!

The Reserve Bank of India just announced foreign exchange inflows have soared to an astonishing $72.85 billion! This surge is mainly thanks to NRIs jumping into FCNR(B) deposits with $65.39 billion. They even decided to wrap up the swap window a month early due to all the excitement! But hold on; banks might soon feel a pinch in their profits.