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The FCNR Window: What RBI's measures mean for NRI depositors
in5points
RBI revised the FCNR (B) scheme, offering higher returns for NRI depositors.
The scheme aims to attract dollar inflows and strengthen India's foreign exchange reserves.
NRIs can benefit from better interest rates on foreign currency deposits under the new norms.
The measure is part of RBI's broader strategy to manage forex liquidity.
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