FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
Rupee hits record low, recovers a bit to end at 39-month low of 68.73The domestic currency has fallen around 4 per cent since the demonetisation of higher currency notes by Prime Minister Narendra Modi on Nov...
Banks park surplus funds in mutual funds, government securitiesBanks are parking surplus funds in mutual funds and government bonds in the absence of attractive lending opportunities.
Best investment options for NRIs: Bank deposits, stocks and mutual fundsInstead of focusing only on property, NRIs should consider other, more lucrative avenues. Invest in bank deposits, stocks and mutual funds.
RBI credit policy upsets industry, markets by raising key lending rate 0.25%Rajan shocked the market by raising interest rates in his first monetary policy announcement, giving a clear signal that inflation was his ...
RBI Guv’s comments have renewed confidence in system: Mahesh Patil, Birla Sunlife MF'Our bias still remains over to private sector banks and banks which have more of a retail franchise rather than the corporate,' says Mahes...