How will the swap window help in increasing FCNR (B) deposits

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5th September 2013

Currency Article General   Hi Promofree How will the swap window help in increasing FCNR (B) deposits The new RBI governor Dr. Raghuram Rajan announced a swap window to attract FCNR (B) funds that will help stabilize the INR, that is trending at close to record lows against the USD. RBI’s move is expected to bring in around USD 10 billion to USD 15 billion through FCNR (B) deposits from NRI (Non Resident Indians). click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.