On a review, it has been decided that the interest rate ceiling with respect to FCNR(B) deposits be increased by 25 basis points. Accordingly, until further notice, the interest rates on FCNR(B) deposits of all maturities contracted effective close of business in India on March 28, 2006 should not exceed LIBOR/ SWAP rate (as against 25 basis points below the LIBOR/SWAP rate effective April 29, 2002) prevailing on the last working day of the previous month for relevant maturity and currency.