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Rising NRI deposits add to RBI woes

Thread starter prasad1
Start date Jan 26, 2012

Status: Not open for further replies.

prasad1

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Jan 26, 2012

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Almost overnight, Indian banks have raised the rates on the so-called Non-Resident (External) rupee, or NRE, deposits nearly three times: from around 3.5 per cent to 9.25 per cent for deposits of one year and above.

Rising NRI deposits add to RBI woes - Yahoo!

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