FOREX NEWS

Find the latest in the world of Foreign Exchange Markets both at TMB, Nationally and Internationally. Get the latest upto date news / report about the forex related information from us. Learn about the interest rate movements as and when they happen right here right now. This can be your one stop forex news point for the latest and upto date news about forex markets.

NRE Term Deposit - Interest Rates revised

Oct1

The NRE Term Deposit Rates are revised with effect from October 01, 2007. Now, you get 4.9% for deposits above one year but below two years. 4.59% for deposits above two years but below three years. 4.64% for deposits of three years upto ten years only. read more >>

RBI revises the interest rates on FCNR (B)

Jan1

Reserve Bank of India has revised the interest rates on FCNR (B) deposits of all maturities contracted effective close of business in India on January 31, 2007 are subject to a ceiling of LIBOR/SWAP rates for the corresponding maturities MINUS 25 basis points (as against should not exceed LIBOR/SWAP rate) prevailing on the last working day of the previous month for relevant maturity and currency.

Interest Rate Ceiling on FCNR(B) Deposits Revised

Mar29

Reserve Bank of India has revised the interest rates on FCNR(B) deposits of all maturities contracted effective close of business in India on March 28, 2006 should not exceed LIBOR/ SWAP rate (as against 25 basis points below the LIBOR/SWAP) prevailing on the last working day of the previous month for relevant maturity and currency. read more >>

NRE Savings Bank Deposits - Interest Revised

Nov18

Interest rate on NRE Savings Bank Deposits with effect from November 18, 2005 is 3.50%

Acceptance of Deposits - Revised Guidelines

Apr24

RBI has prohibited persons other than Authorised Dealers/Authorised Banks to accept deposits from NRIs out of inward remittances from overseas or by debit to NRE/ FCNR (B) Accounts.