Interest on foreign source deposits (NRE and FCNR deposits) has always been regulated in India....
A lot of people are moving back to India because of multiple reasons like retirement,...
Looking at the success of the Leveraged FCNR deposits, increased interest of NRIs of investment...
Recently, due to volatile rupee and favorable currency exchange rates, Banks have been aggressively marketing...
With FCNR rates regulated by RBI and volatile foreign currency market, a lot of banks...