Interest rates on foreign currency non-resident deposits have been raised by India's top banks

ncluding SBI, ICICI Bank, and IDFC First Bank.

The rates on foreign currency (non-resident) deposits have also been revised by the country's largest private sector lender, HDFC Bank.

SBI increased the rate on one-year FCNR USD deposits to 2.85 percent from 1.80 percent previously.

It has been raised to 3.10 percent and 3.25 percent for deposits of 3-4 years and 5 years, respectively.

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