FCNR DEPOSITs DECLINED
Foreign Currency Non-Resident (FCNR) deposits, have seen a slowdown due to the appreciation
rupee. This, coupled with the softening interest rates, has led to money from non-resident Indians
going to areas like real estate and equity.
rupee. This, coupled with the softening interest rates, has led to money from non-resident Indians
going to areas like real estate and equity.
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