NRIs deposited over $100 billion in RBI's FCNR(B) scheme in just three months, pushing India's forex reserves to a record $729.3 billion. The scheme, closed a month early, helped stabilize the rupee amid Middle East tensions and oil price volatility. The rupee strengthened to 94.8 per dollar, its highest since July 1.
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$100 Billion Inflow Boosts India's Forex Reserves
