NRI Real Estate and Property Investment in India
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Bank of Baroda Cuts Down FCNR (B), NRE Rates
Wednesday , April 04, 2007

Bank of Baroda cuts down its interest rates on dollar and rupee dominated NRI deposits from March 03, 2007.

Interest Rates on FCNR (B), deposits in US dollar with the maturity periods between one year to two year, two to three years, and three to four years tenors, have been revised to 4.97%, 4.77% and 4.71%, respectively.

They were 4.99%, 4.8% and 4.73% earlier. Interest rates on NRE term deposits have dropped down by 0.02% to 0.03% on different maturities from April 3.

The company’s shares are performing excellently with a hike by Rs 0.85, or 0.42% at Rs 201.80. The total number of shares traded amounted to 92,486. (12.36 p.m, Tuesday).

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