Tag Archives: Felt

I Had Felt FCNR Deposits To Be An Idiotic Idea: Raghuram Rajan

RBI Governor Raghuram Rajan conceded that he thought the FCNR deposits idea to be “completely idiotic”. Mumbai: 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 ... Read More »