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RBI's forex easing may cut overseas borrowing costs for banks, boost inflows: Report
The Reserve Bank of India's recent measures to encourage overseas fund raising could reduce banks' borrowing costs through the external commercial borrowing (ECB) route by 2-2.5 per cent, while supporting liquidity and foreign currency inflows, according to a report by Motilal Oswal Financial Services.
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economictimes.indiatimes.com
Banks raise NRI deposit rates to draw dollar inflows - The Economic Times
Indian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The Reserve Bank of India has introduced new…
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RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
