RBI Lifts FCNR(B) Rate Caps, Unlocking 7%-Plus USD Yields to Woo NRI Deposits

India's central bank temporarily relaxed interest-rate ceilings on foreign-currency deposits, prompting banks to compete aggressively for NRI flows amid rupee and forex-reserve pressure.

bt-corporate · 6/28/2026, 9:17:15 AM · Ask about this →