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FCNR(B) deposits

Stabil1 Meldungen1 QuellenZuletzt aktualisiert: 2 g önce

Verwandte ThemenRBI forex reserves rupee dollar inflows NRIs hedging cost

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RBI Urges Banks to Boost Overseas Fund Mobilization via FCNR(B) Deposits

Business·2 g önceKI-Zusammenfassung

RBI Urges Banks to Boost Overseas Fund Mobilization via FCNR(B) Deposits

The Reserve Bank of India (RBI) deputy governor urged bank CEOs to increase efforts in mobilizing overseas funds through FCNR(B) deposits to boost dollar inflows and strengthen forex reserves. This push comes with new RBI incentives to support these deposits, aiming to stabilize the rupee which depreciated significantly last fiscal year.