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The Economic Times

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Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

Banks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wording to allow Non-Resident Indians to leverage multiple times for investments, crucial for the scheme's success in arresting the rupee's slide.

13 Jun 2026 6:14 am