Tag: foreign currency non-resident deposits
Posted in Economy
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billion
Kolkata: Bank deposits rose 15.4% year-on-year at the end of July, marking the fastest pace in nearly 10 years, as overseas Indians parked about $37…
Posted in Economy
RBI likely used dollar deposit surge to cut record FX forward book, economists say
MUMBAI: The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its…
Posted in Economy
Deposits under RBI’s latest foreign currency non-resident bank scheme will carry one-year lock-in
Deposits raised under the Reserve Bank of India’s latest foreign currency non-resident bank (FCNR-B) scheme will carry a one-year lock-in, and swaps undertaken by banks…