Banks will not be able to keep more than 100-million dollars with themselves: RBI’s instructions to stop the continuous fall in rupee, this will make foreign goods cheaper.
New Delhi1 hour ago copy link RBI has directed that banks will no longer be able to keep more than 100 million dollars (about Rs 950 crore) with themselves every day. Earlier, banks were holding 300 to 500 million dollars (Rs 2,845-4,743 crore) every day. According to Forex analysts, the effect of the instruction will…