RBI monetary policy
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The Hidden Risks in the RBI’s FCNR Deposit Scheme: A Structural Threat to Indian Banking

The Hidden Risks in the RBI’s FCNR Deposit Scheme: A Structural Threat to Indian Banking By Nisith Dey The Reserve Bank of India (RBI) recently launched an FCNR deposit scheme—running until September 30, 2026—in an attempt to attract dollar inflows. While the mechanics of the scheme are presented as a win-win, a deeper look reveals...
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