Banks could offer leverage that may run into double digits, officials said, as India taps its 35-million-strong diaspora for support to shore up foreign currency buffers amid the US-Iran war.
India is introducing a new strategy to attract foreign currency inflows by allowing banks to offer significant leverage, potentially double-digits, on forex deposits. This initiative aims to tap into the large Indian diaspora to strengthen the nation's foreign currency reserves.…
Market Samachar is a news aggregator. This article was originally published by NDTV Profit - Latest. Tap the button above to read the full story on their site.