RBI dangles carrot, but NRI deposits might not match up2 min read 08 Jul 2022, 12:05 AM IST
Rush of funds lenders saw 9 years ago during taper tantrum unlikely this time
Bankers said RBI’s easing of rules may trigger fight for deposits
MUMBAI : The Reserve Bank of India’s (RBI) decision to remove the interest cap on foreign currency deposits raised from non-residents while setting off a rate war among banks is unlikely to see the overwhelming inflows lenders saw nine years ago during the taper tantrum.
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