The RBI has clarified how its FCNR(B) swap facility will work, answering questions on loans against deposits, ECB eligibility ...
NRIs can 'leverage' their own money to borrow at cheaper interest rates abroad and put this money into Indian banks’ high-return FCNR(B) deposits. This will allow NRIs to earn equity-like returns — ...
The RBI announces its monetary policy decisions at its bi-monthly Monetary Policy Committee (MPC) meetings, and one of the most closely watched decisions is the policy repo rate. It directly ...