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 ... Summary
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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