FCNR Redemption may Cause Only Transient Disruptions
FCNR Redemption may Cause Only Transient Disruptions The $26-billion foreign currency non-resident (FCNR) deposits, raised during the last months of 2013, are due for redemption over the months of SeptemberDecember 2016. A recurring question at the recent RBI post- policy interactions, reflecting market concerns, was the potential disruptions in liquidity and foreign exchange. RBI statements […]
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