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NRIs Gain, India Pays: How Costly Will Record FCNR(B) Inflows Prove for the Nation? Subhash Chandra Garg Decodes
Subhash Chandra Garg Writes: FCNR(B) deposits, which paid about 3 percent interest before the scheme was launched, have received 6-6.5 percent interest. Who will bear it—the RBI, government, or the nation? How will the rupee exchange rate behave?
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