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RBI announces removal of interest rate cap on NRI deposits: Will SBI, HDFC and ICICI Bank hike rates

Reserve Bank of India ne NRI dollar deposits par interest rate cap hata diya, banks ab higher returns offer kar sakte hain Currency risk RBI ne absorb kiya hai, jisse NRIs ko zyada attractive returns milne ke chances badh gaye   financial express https://www.financialexpress.com/immigration/rbi-announces-removal-of-interest-rate-cap-on-nri-dollar-deposits-rules-and-impact-explained/4271560/?ref=hometop_hp

RBI’s forex push may bring $60-70 bn inflows

The Reserve Bank of India’s (RBI) forex swap measures for FCNR(B) deposits and external commercial borrowings (ECBs) by state-owned companies could attract foreign capital inflows of $60–70 billion, according to India Ratings and Research. The move is also expected to provide support to the Indian rupee. Indian Banking News https://indianbankingnews.com/news/rbi-forex-push-may-bring-usd-60-70-bn-inflow