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hedging cost

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Verwandte Themeninterest rates hedging costs FCNR(B) deposits SBI RBI NRIs US dollars FCNR-B deposits

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SBI Revises FCNR(B) Deposit Rates Up to 6% Following RBI Hedging Cost Announcement

Business·7 sa önceKI-Zusammenfassung

SBI Revises FCNR(B) Deposit Rates Up to 6% Following RBI Hedging Cost Announcement

State Bank of India (SBI) has updated its FCNR(B) deposit interest rates, offering up to 6% per annum on US dollar-denominated accounts. This revision follows the Reserve Bank of India's decision to bear hedging costs for new deposits maturing between three to five years until September 30, 2026.

Banks Hike FCNR Deposit Rates for NRIs Following RBI Hedging Cost Cover

Business·2 g önceKI-Zusammenfassung

Banks Hike FCNR Deposit Rates for NRIs Following RBI Hedging Cost Cover

Several Indian banks have increased interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover hedging costs for new 3 to 5-year deposits until September 2026, with banks like Axis Bank offering up to 6%.

Indian Banks Update FCNR(B) Rates After Govt Hedging Cost Cover

4 g önceKI-Zusammenfassung

Indian Banks Update FCNR(B) Rates After Govt Hedging Cost Cover

Indian banks have revised FCNR(B) deposit interest rates following a government decision to cover hedging costs for 3-5 year deposits, benefiting Non-Resident Indians. Central Bank of India offers 6% on these deposits.