Fcnr

Correcting CAD: Let rupee fall and stop doling out sops for foreigners

A slower depreciation of the rupee is better way to strengthen the country's exports, lower competitive imports and give a boost to Indian industry all round. The enforced appreciation of the rupee cuts this boost to industry.

In bid to resurrect rupee, NRIs can get upfont loans for dollar deposits

The foreign banks are offering upfront financing for wealthy non-resident Indians (NRIs) to set up dollar deposits in India following various central bank incentives, including cheap dollar/rupee swap rates.