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      Question

      What is the total outstanding amount in FCNR(B) deposits

      as of September 2024?
      A $25 billion Correct Answer Incorrect Answer
      B $31.08 billion Correct Answer Incorrect Answer
      C $35 billion Correct Answer Incorrect Answer
      D $40 billion Correct Answer Incorrect Answer
      E $45 billion Correct Answer Incorrect Answer

      Solution

      As of September 2024, the outstanding amount in FCNR(B) deposits reached $31.08 billion, demonstrating the scale of funds raised through this scheme despite the narrowing interest rate differential.

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