The RBI has revived the FCNR(B) swap window, a tool last used during the 2013 rupee crisis. Here's how the scheme works and ...
The amended direction states: the interest rate ceiling applicable to fresh FCNR (B) deposits mobilised by banks, including ...
NRIs can 'leverage' their own money to borrow at cheaper interest rates abroad and put this money into Indian banks’ ...
With US dollar deposit rates in major markets still offering returns of over 4%, Indian banks may need to raise FCNR(B) ...
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