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FCNR has bought time; now let's transform how we finance our current account deficit: Neelkanth Mishra

Mishra said the FCNR scheme acts as a way to buy more time, effectively lengthening short-term currency hedges—which used to mature in three to six months—into three- to five-year commitments.

FCNR has bought time; now let's transform how we finance our current account deficit: Neelkanth Mishra

We haven't written up this one. Live Mint has the full story — the link below goes straight to it.

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