Reserve Bank of India stated today in its Monetary Policy Report that India's External commercial borrowing (ECB) flows saw significant increase, reaching US$ 15.2 billion during April-February 2024-25, as against US$ 2.8 billion a year ago, marking a spike of . Net accretions to non-resident deposits surged to US$ 14.3 billion during April-January 2024-25 from US$ 10.2 billion in the previous year, on the back of strong deposit growth in all three accounts i.e., FCNR(B), NRE and NRO.
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