FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on August 31. With the government absorbing the hedging costs for these foreign currency deposits, this is an opportune moment for investors. Many banks are offering attractive interest rates, so it's prudent to assess these options quickly before they potentially decrease.

FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on August 31. With the government absorbing…

And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31,…