SBI, ICICI, Other Banks Hike Foreign Currency Interest Rates Following RBI's Forex Flow Relaxation

[BabU]

SBI, ICICI, Other Banks Hike Foreign Currency Interest Rates Following RBI's Forex Flow Relaxation SBI, ICICI Bank and IDFC First Bank have raised interest rates on foreign currency nonresident deposits in response to the Reserve Bank's relaxation last week to shore up forex inflows.