{
  "id": 2069845,
  "title": "RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explains",
  "url": "https://urgent.news/2026/08/20/rbis-early-fcnr-b-deposit-scheme-closure-data-driven-or-a-policy-u",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T03:20:18.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/rbis-early-fcnrb-deposit-scheme-closure-data-driven-or-a-policy-u-turn-governor-sanjay-malhotra-explains-indian-banks-nri-money/articleshow/133362201.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent calibration. This move aims to attract $80 billion into India's economy. The central bank cited stronger than expected dollar inflows for the adjustment. The RBI remains committed to managing exchange rate volatility and market conditions.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}