The move by the Reserve Bank of India (RBI) to offer concessional swap rates to banks to raise dollar deposits from non-resident Indians could raise up to $8-$10 billion, Bank of America-Merrill Lynch said in a report, as it removes the currency risk away from banks or citizens abroad. A swap … The overshooting rupee may see some stability in the near-term and reduce the panic in the market, but may falter again on strong US jobs data, he told CNBC-TV18
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Live: It's a bear rally as Raghuram Rajan still has to weather several …
Live: It's a bear rally as Raghuram Rajan still has to weather several ...
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