Search result for 'foreign currency deposits'

With a new RBI governor at the helm, market watchers anticipate a potential interest rate cut in February. The focus shifts from inflation control to growth, but challenges remain.

The Indian rupee closed at 84.70 against the US dollar on Friday, appreciating slightly as the Reserve Bank of India left interest rates unchanged but cut the cash reserve ratio.

The Reserve Bank of India has increased interest rate caps on foreign currency deposits for the diaspora, aiming to attract more capital inflows amid rupee depreciation. This move aims to address...