India Sweetens FCNR(B) Deals: Govt Absorbs Hedging Costs to Lure NRI Dollars

With hedging costs waived until Sept 2026, Indian banks can now offer competitive foreign-currency deposit rates — echoing the $26bn NRI inflow drive that steadied the rupee in 2013.

bt-corporate · 7/18/2026, 1:16:01 AM · Ask about this →