Fcnr Deposits News

Last week the sharp movement in the rupee which led it to levels below 70 mark to trade at 70.40 on an intra-day basis relate to several other macro woes such as the plunging of forex reserves of the country and ...

State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect. The Chennai-based bank has revised the interest rates on FCNR (B) deposits for one year and above but less than two years to ...

After getting a good response to the double forex swap windows aimed to shore up forex buffer and prop up the rupee, the RBI today allowed banks to utilise the special window till December 31 to borrow forex against their core ...

In the scenario, when the domestic currency plummeted to the levels of nearly 68 against the dollar, government's as well as RBIs steps have considerably managed to stabilize the free-falling rupee. One such step taken by the RBI to restrict any ...

New Delhi, Sept 5:The Reserve Bank's move to allow a special window to swap foreign currency non-resident (FCNR) dollar funds for boosting foreign fund inflows is likely to fetch around $10 billion, say experts. The newly-appointed Governor Raghuram Rajan yesterday ...