Policy● Neutral for Indian equities
FCNR has bought time; now let's transform how we finance our current account deficit: Neelkanth Mishra
The brief
- Neelkanth Mishra said the FCNR scheme buys time by lengthening short-term currency hedges from three to six months
- He called for transforming how India finances its current account deficit
- A more durable funding mix could ease rupee pressure, affecting importers and Indian companies with foreign-currency exposure
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