RBI takes steps to attract dollar in bid to check rupee's slide https://ift.tt/Qb59asp Indians will get high returns for bringing foreign exchange into India into FCNR(B), and NRE deposits as the cap on rates have been removed for fresh deposits. This relaxation will be available for the period up to October 31, 2022. FCNR(B) are foreign currency non-resident deposits ( denominated in foreign currency), while NRE deposits are non-resident external deposits.
Wednesday, July 6, 2022
RBI takes steps to attract dollar in bid to check rupee's slide | Economic Times
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