Tag

• admin
• Banking Regulations Current Affairs FCNR deposits FCNR early closure foreign currency deposits Foreign Currency Non-Resident monetary policy NRI deposits RBI RBI policy
• 2
• 0

RBI’s Early FCNR Closure Raises Policy Concerns

RBI’s Early FCNR Closure Raises Policy Concerns Why in the News ? The Reserve Bank of India (RBI) has decided to close the FCNR(B) deposit scheme earlier than originally planned.The facility, which was scheduled to remain open until 30 September, will now accept fresh deposits only until 31 August.The decision surprised banks and market participants …

Read More