FCNR inflows push short-term borrowing costs lower amid rising liquidity: ICICI Bank
· thehindubusinessline.com
FCNR inflows lower short-term borrowing costs, raising liquidity levels and potentially impacting future inflation, warns ICICI Bank Research.
Interest rates on three-month certificates of deposit (CDs) have fallen by more than 100 basis points from their peak this year as a surge in FCNR (B) inflows h...