Tuesday, 3 December 2013

RBI is losing USD 1.2 billion a year on the FCNR B swap window

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 4th December 2013
 
RBI is losing USD 1.2 billion a year on the FCNR B swap window
 

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Currency Articles General

RBI is losing USD 1.2 billion a year on the FCNR B swap window

RBI has mobilized USD 34 billion through the swap windows for FCNR B funds and Banks Overseas Borrowing as of 30th November 2013. The swap window was opened in September 2013 to attracted USD flows into the country at a time when the Indian Rupee (INR) had touched record low levels of around Rs 68 to the USD.

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Arjun Parthasarathy

Website:www.investorsareidiots.com
Email:arjun@investorsareidiots.com
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