New Delhi, June 20 -- The Reserve Bank of India (RBI) has exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more, mobilised between June 19 and September 30, 2026, as part of its measures to attract foreign capital and stabilise the rupee.

The exemption from the cash reserve ratio (CRR), currently at 3 per cent of a bank's deposits, and the statutory liquidity ratio (SLR), currently at 18 per cent, will apply to fresh NRE term deposits, including those renewed upon maturity, from the reporting fortnight beginning July 16, 2026.

The RBI clarified that the exemption applies only to the original deposit amount for as long as it remains on the bank's books, ...