SBI Alters FCNR(B) Deposit Interest Rates After RBI’s Special Swap Window

After India’s central bank decided to bear hedging costs for new Foreign Currency Non-Resident (Bank), or FCNR(B), deposits with maturities of three to five years until September 30, the State Bank of India (SBI) has revised its FCNR(B) deposit interest rates, joining several pub

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