The RBI's temporary move to allow banks to offer higher interest rates on FCNR (B) deposits to attract foreign capital has seen limited response. Bankers cite the rupee's decline, a narrowing interest rate gap, and sufficient existing spreads as reasons for low uptake, despite the revised ceiling.
from Banking/Finance-Industry-Economic Times https://ift.tt/yzOI2BP
via IFTTT
No comments:
Post a Comment