Tag: FCNR(B) deposit scheme
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 measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI Research
New Delhi: India’s balance of payments (BoP) is expected to post a surplus of around USD 50 billion in FY27, with the current account deficit…
Posted in Economy
RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists
Mumbai: The Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged in its August monetary policy review on elevated inflation…