Dollar mobilisation target already achieved, total collection likely to be around $85 billion: SBI report

IANS | August 17, 2026 6:01 PM

New Delhi, Aug 17 (IANS) While there may be valid reasons to justify an early closure of the RBI’s FCNR(B) deposit scheme, the most likely reason could be that the target for dollar mobilisation has already been achieved with inflows at $57 billion, and another $25-30 billion could easily flow in the remaining days of August, taking the total collections to around $85 billion, an SBI Research report said on Monday.

India registers increase in employment during July: Govt data

IANS | August 17, 2026 5:19 PM

New Delhi, Aug 17 (IANS) India registered an increase in both the overall Labour Force Participation Rate (LFPR) and Worker Population Ratio (WPR) in July this year over the same month of the previous year -- reflecting a year-on-year rise in employment, figures released by the National Statistics Office showed on Monday.