Finance
Sher ShayarRBI Ka Naya Nawaab: Banks Ko Diya FCNR Aur ECB Ka Chhutti
RBI ne banks ko diya ek naya raasta, bhai! FCNR aur ECB ki baatein ab NOP-INR se alag hain, samjhe na? Paisa aayega, 40-50 billion ka jadoo hoga, par pehle $100 million ki limit toh yaad rakh! Jaise RBI ne khud ko shayar samajh liya ho, chakkar aa jayega agar dhyan na diya! Paisa ka khel hai, par rules bhi mazedaar hain, bhai!
few days ago | Anjali Kumari
Quick rundown
1.RBI introduces new foreign-currency swap facilities.
2.Banks must adhere to a $100 million NOP-INR limit.
3.Policy changes aim to attract $40–50 billion in foreign inflows.
4.First explicit NOP limit set by RBI since 2011.
5.RBI partially rolls back restrictions on April 20.
