We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

India in depth: Diaspora’s yield hunt gone wrong

18 June 2013 By Andy Mukherjee

Indians living overseas thought rupee deposits paying 9 percent were a great deal. Not anymore. Alarmed by a falling currency, the diaspora may unwind its $47 billion carry trade, causing a deposit crunch at Indian banks and complicating the financing of the nation’s trade gap.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)