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Following the IndusInd situation, the RBI is scrutinizing special Japanese yen (JPY) deposits, which offered high returns to NRIs. Banks attracted deposits by selling JPY forward, but the RBI is now urging them to align rates with the market. Yes Bank has already significantly lowered its JPY deposit rates, signaling a shift in strategy.
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A tower crane will soon appear at 370 N. Morgan St., the site of the old single-story Fox Deluxe Foods building, where developer Vista Property Group plans to construct a 31-story residential tower.
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Affected customers - who have waited years for the console launch - have reacted with fury.
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News and Media
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