Fcnr

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  All You Need To Know About State Bank Of India NRI Accounts

  SBI NRI Services: Non Resident External (NRE) accounts can be opened by individually or jointly with other non-resident Indians (NRI), PIO or OCI.

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  SBI Savings Accounts For Non-Residents: Minimum Balance, Eligibility And Other Details

  State Bank of India offers three types of accounts to NRIs: Non Resident Ordinary (NRO) account, Non Resident External (NRE) account and Foreign Currency Non-Repatriable (Bank) FCNR (B) account.

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  Indian Bank Revises Interest Rates For Foreign Currency Non-Resident Deposits

  Indian Bank said it has been authorised by the Central Board of Excise and Customs to collect GST through its branches.

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  Are You An NRI? SBI Offers These Options To Park Your Money

  State Bank of India's NRE or non-resident external account is an account meant to park funds remitted from overseas back home.

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  FCNR Redemption Pressure Will Be Transient: BNP Paribas

  Any disturbances in the market due to the upcoming FCNR (B) redemptions will only be "transient" as RBI will dip into forex reserves to smoothen the volatility, French brokerage BNP Paribas said on Friday.

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  FCNR Bonds Were 'Least Bad' Option To Raise Dollars: Raghuram Rajan

  RBI Governor Raghuram Rajan said that he chose the "least bad" option of raising forex through FCNR(B) scheme three years ago, but it had helped in strengthening the rupee and stabilising the currency market.

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  I Had Felt FCNR Deposits To Be An Idiotic Idea: Raghuram Rajan

  Reserve Bank Governor Raghuram Rajan disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

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  Nothing To Worry About Foreign Currency Deposit Redemptions: Raghuram Rajan

  Reserve Bank of India Governor Raghuram Rajan on Tuesday allayed fears of any "disruptive" impact on the markets due to the redemption in coming months from $26-billion foreign currency deposits, calling it a "smaller eventuality".

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  RBI's Forex Reserves Hit Record High In Week To June 3

  India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said.

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  FCNR Redemption Could Hurt Rupee, Squeeze Liquidity: Analysts

  The rupee could turn volatile due to possible dollar shortages when NRIs redeem a large chunk of FCNR (B) deposits held in Indian banks, economists say.

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  Have Enough Dollars To Take Care Of $20 Billion Outflows: Rajan

  Reserve Bank on Tuesday said it expects around $20 billion outflows from FCNR-B deposits redemptions, which may create some short-term dollar shortages but Governor Raghuram Rajan assured that the central bank has enough dollars to meet any sharp market volatilities.

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  RBI May Supply Dollars During FCNR Redemption

  The Reserve Bank of India may step in to supply dollars in case of extreme volatlity once a concessional swap facility for non-residents starts to mature in coming months, RBI Governor Raghuram Rajan said on Tuesday, though he warned markets not to be complacent.

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  Rupee In For Tough Times Amid Speculation About Raghuram Rajan's Future

  The rupee is back in focus, nearly 10 months after it came under tremendous pressure over fears of currency war following the surprise devaluation of China's yuan.

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  Indian Bank Revises Rates for Foreign Currency Non-Resident Deposits

  State-owned Indian Bank has decided to cut its foreign currency non-resident (banking) deposit rates from Monday.

• Dena Bank Cuts Foreign Currency Non-Resident Deposit Rate

  Dena Bank has lowered interest rates on foreign currency non-resident deposit (FCNR) (B) with effect from Wednesday.