https://www.taxtmi.com/news?id=3269 Deregulation of interest rates on non-resident rupee accounts gave banks discretion to raise NRE term deposit rates, driving increased NRE balances and modest NRO growth. Additionally, the ceiling on FCNR(B) deposit interest was raised, increasing permitted spreads above corresponding LIBOR/swap rates for specified one-to-three and three-to-five year maturities, thereby changing the regulatory cap on foreign-currency non-resident term deposit pricing. en-us Fri, 11 May 2012 18:29:40 +0530 Fri, 11 May 2012 18:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3269 Deregulation of interest rates on non-resident rupee accounts gave banks discretion to raise NRE term deposit rates, driving increased NRE balances and modest NRO growth. Additionally, the ceiling on FCNR(B) deposit interest was raised, increasing permitted spreads above corresponding LIBOR/swap rates for specified one-to-three and three-to-five year maturities, thereby changing the regulatory cap on foreign-currency non-resident term deposit pricing. News - Fri, 11 May 2012 18:29:40 +0530 https://www.taxtmi.com/news?id=3269