ICICI Bank, raises foreign currency deposit rates by up to 175 basis points, effective May 8. It raised rates for 1 to 2 year tenure by 75 basis points and for 3 to 5 year tenure by 175 basis points.
Last week, the RBI announced measures on Friday to bolster foreign currency inflows following a sharp fall in the rupee.
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Last week, the RBI announced measures on Friday to bolster foreign currency inflows following a sharp fall in the rupee.
....more info