SBI, ICICI Bank and IDFC First Bank have raised interest rates on foreign currency non-resident deposits in response to the Reserve Bank's relaxation last week to shore up forex inflows.
The country's largest private sector lender HDFC Bank has also revised the rates on foreign currency (non-resident) deposits.
However, it clarified that the revision is not in response to the latest RBI move and it will take a call on revising the rates further going forward.
The largest public sector lender State Bank of India (SBI) has revised the foreign currency non-resident deposits (FCNR) rates on US dollar.
