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USA, UK and Singapore push up SCRAs to $57.7 million.
(From Business Recorder)
Byline: RECORDER REPORT
The revival of interest among UK and USA investors in September and continued showing up Singaporean investors in the market throughout the last three months pushed up balances in non-residents Special Convertible Rupee Accounts (SCRAs) to a record $57.7 million on September 26.
According to a data update released by the State Bank on September 27. These were $51.5 million on September 22. The surge owed mainly to investments by UK and USA, who together brought in some $54 million during September so far, including about $10 million on September 26 alone.
Another $3 million flow in during …
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