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Forex Inflows Rise Despitenre Cap

Our Banking Bureau BUSINESS STANDARD

Foreign exchange inflows story continues, despite the cap imposed by the Reserve Bank of India on the interest rate that can be offered on non-resident external (NRE) deposits.

According to the weekly statistical supplement released by the RBI on Saturday, India

 

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First Published: Aug 04 2003 | 12:00 AM IST

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