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RBI to bear full hedging cost on FCNR(B) deposits - The Economic Times
The Reserve Bank of India is stepping in to boost dollar inflows. It will cover the full hedging cost for banks attracting foreign currency non-resident deposits. This incentive applies to new deposits with three to five-year tenures. The move aims to encourage banks to bring more foreign currency into the country. This initiative is in effect until September 30.
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economictimes.indiatimes.com
RBI courts overseas investors as oil prices and capital outflows weigh on rupee
The Reserve Bank of India has introduced new measures to draw foreign investment. These steps aim to boost the country's finances and support the rupee. The RBI is easing rules…
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thehindubusinessline.com
RBI announces five measures to attract dollars
The RBI has announced five measures to attract foreign capital in the face of the rupee coming under pressure amid the West Asia war, spike in crude oil prices and FPI-related…
