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Bulls return to banks on RBI's FCNR(B) initiative

Posted on June 15, 2026
By Business News Today
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1 min read

Bulls return to banks on RBI's FCNR(B) initiative

Traders are piling into bullish derivative bets on banks, reversing bearish positions, as RBI's foreign currency borrowing measures boost lenders. Bank Nifty surged 4.25% last week, outperforming the Nifty. Analysts expect this trend to continue, driven by short covering and fresh long additions.