Tag: fcnr deposit rates
Posted in Economy
RBI’s early FCNR(B) deposit scheme closure ‘data-driven’ or a policy U-turn? Governor Malhotra explains
Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted that the decision to advance the closure of Foreign Currency Non-Resident (Bank), or FCNR(B) deposit scheme…
Posted in Economy
RBI shortens FCNR (B) deposit swap window to Aug 31
Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…