https://www.taxtmi.com/news?id=74307 Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates. en-us Mon, 17 Aug 2026 16:01:06 +0530 Mon, 17 Aug 2026 16:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74307 Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates. News - Mon, 17 Aug 2026 16:01:06 +0530 https://www.taxtmi.com/news?id=74307