current-affairs-trends

I had thought FCNR deposits to be an idiotic idea: Rajan

Outgoing Reserve Bank Governor Raghuram Rajan on Friday disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

first published: Aug 12, 2016 09:50 pm

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