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Banks’ 'Certificate of Deposits' rates dip as FCNR flows hit $127 billion
The RBI’s scheme for attracting foreign currency deposits from NRIs has boosted banking-system liquidity, reducing banks’ need to raise funds through CD's. | India News
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economictimes.indiatimes.com
Indian banks slash FCNR deposit rates by up to 310 basis points
Indian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of India's special swap window. Banks…
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Indian banks raise over $136 bn via RBI forex swap, FCNR(B) deposits dominate inflows
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion…
