Tag: FCNR(B) deposits
Posted in Economy
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
Posted in Economy
RBI’s measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
New Delhi: The RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract USD 60-70 billion in foreign capital and…