Dollar deposit inflows push India bank CD rates lower
Mumbai (Sept. 3) — A surge in dollar deposits has pressured banks’ short-term borrowing costs, with certificates of deposit (CD) rates falling since India’s overseas-citizens plan closed.
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Mumbai (Sept. 3) — A surge in dollar deposits has pressured banks’ short-term borrowing costs, with certificates of deposit (CD) rates falling since India’s overseas-citizens plan closed.