RBI to bear hedging costs on fresh FCNR(B) deposits till Sept 30

The Reserve Bank of India (RBI) will cover the full hedging cost on fresh 3-5 year Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits mobilised by banks until September 30, 2026. The scheme applies to authorised dealer banks raising new deposits. The move aims to attract more funds from non-resident Indians and boost foreign currency inflows.