FCNR(B) Swap Window Closes Today: The Deadline Is Simple; the Deposit Decision Is Not
The special FCNR(B) swap window closes today, August 31. This is the point where financial marketing traditionally places a countdown clock on the screen and quietly moves the footnotes into another room. The Ministry of Finance said the RBI facility, launched June 8, had mobilized $73 billion by August 21 across FCNR(B) deposits, overseas foreign-currency […]
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