𝗥𝗕𝗜 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝗟𝗲𝗮𝗱 𝗕𝗮𝗻𝗸𝘀 𝗧𝗼 𝗢𝗳𝗳𝗲𝗿 𝗨𝗽 𝗧𝗼 𝟳% 𝗢𝗻 𝗗𝗼𝗹𝗹𝗮𝗿 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝘀
- Indian banks now offer up to 7% on dollar deposits.
- The change follows new measures from the Reserve Bank of India.
- Banks raised rates to attract foreign currency.
- The move aims to improve dollar liquidity.
Source: The Times of India