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          FEMA

          What is the nature of swap offered by RBI?

          Swap Window for attracting FCNR (B) Dollar funds - As on Sep 18, 2013

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          Foreign exchange swap: RBI offers buy/sell swap covering principal of FCNR(B) dollar deposits, excluding interest component. The swap is a straightforward buy/sell foreign exchange swap covering only the principal portion of FCNR(B) dollar deposits; the interest component of the deposits is excluded from the swap under the FEMA framework.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Foreign exchange swap: RBI offers buy/sell swap covering principal of FCNR(B) dollar deposits, excluding interest component.

                                  The swap is a straightforward buy/sell foreign exchange swap covering only the principal portion of FCNR(B) dollar deposits; the interest component of the deposits is excluded from the swap under the FEMA framework.


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