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BOI hikes FCNR rates

Bank of India has hiked the interest rates offered on FCNR dollar deposits by 14-20 basis points.

The new rates on dollar denominated deposits are 1.95 per cent (as against 1.81 per cent earlier) for one year, 2.8 per cent (2.6 per cent) for two years and 3.38 per cent (3.20 per cent).

BL Research Bureau

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