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FOR NRI’s: FCNR (Foreign Currency Non-Resident)

FOR NRI’s:  FCNR (Foreign Currency Non-Resident) The RBI extended full hedging-cost support for banks raising three- to five-year FCNR(B) deposits till September 30, 2026. FCNR(B) deposits are foreign currency deposits raised by banks from non-resident Indians. Banks...

Digital Rupee – Potential Impact on black money

The Reserve Bank of India (RBI) recently launched the pilot for its digital rupee — India’s very own digital currency. A central bank digital currency (CBDC) is a legal tender issued by a central bank in digital form. It is the same as a fiat currency and it is...