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      Question

      As of September 2024, how much was the total inflow into

      FCNR(B) accounts?
      A $4.5 billion Correct Answer Incorrect Answer
      B $5.34 billion Correct Answer Incorrect Answer
      C $6 billion Correct Answer Incorrect Answer
      D $7 billion Correct Answer Incorrect Answer
      E $8 billion Correct Answer Incorrect Answer

      Solution

      During the April-September 2024 period, the inflows into FCNR(B) accounts amounted to $5.34 billion, as reported by industry sources. This reflects the level of capital flows attracted by the RBI’s interest rate ceiling increase.

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