RBI's early closure of FCNR deposit window sends banks, NRI investors scrambling
· livemint.com
Market participants suggested that even a caveat from the central bank that the scheme could be reviewed depending on the pace of inflows would have helped banks and customers plan better.
“RBI had a certain number in mind. If that number was reached, there was always a possibility of early closure. But RBI did not give the market any indication...