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RBI's fresh package of tax cuts, FCNR incentives and forex swaps targets up to $60 billion in foreign capital, yet bond yields rose Monday as Brent climbed on US-Iran tensions.
RBI and government steps—easier foreign access to G-secs, tax relief and FCNR deposit sweeteners—could pull $50-60 billion into India, say ICICI Securities and Jefferies. Lower borrowing costs and rupee support would ease banks' funding stress and improve NIMs, with PNB already eyeing **$2.5-3...
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