@deepakshenoy Pls speak to bank treasuries, specifically ALM folks, to understand this better. Zero swap costs serve to make FCNR deposits attractive else why would NRIs give their $. Happy to explain over a call. I am a banker & I do get this :) cheers
@deepakshenoy Indian banks convert $ to ₹ to lend onshore. Else why are AUSFB, Bandhan, CSB, Yes & IDFC raising FCNRs?Their $ asset base is tiny. I do understand this well. ₹ will strengthen, that's the core purpose of this exercise.
@karunchandhok@LewisHamilton LH was mighty. Also Ferrari got their strategy spot on this time hence even without the slice of luck with the VSC , LH would have possibly won it on the track .
@akm1410@Harveen_A@MorningContext@sonalch10 something doesn't add up , 3.5% commission is too good to be true. LSPs need to provide 5% FLDG (cash/FD/BG) under RBI's DLG norms so that would effectively puts a ceiling hence your point is valid .
Seven-year-old Ishank Singh from Jharkhand has become the youngest swimmer to cross the Palk Strait, completing a 29-km open sea swim from Sri Lanka to India in 9 hours and 50 minutes on April 30, an event recognised by the Universal Records Forum (URF), which said he was the ‘Youngest and Fastest Palk Strait Swimmer’.
The crossing from Sri Lanka’s Talaimannar towards Dhanushkodi in Tamil Nadu is considered one of the toughest open-water swims due to strong currents and unpredictable sea conditions.
@ActusDei Thanks for this helpful thread ! I have followed your nuggets on Gift City funds , quite interesting . However, when I explored trying to discuss with a few AMCs, I realised that the customer service is atrocious.
@LucasNavarreteM Agree wholeheartedly. That Thiago is being hyped up as a starter is a sign of how dysfunctional the seniors have been the last 2 seasons.
@managingmadrid its a reflection on our squad ( not taking any credit away) that Thiago has to start when we are trying to chase down our only possible trophy. He is good but only for 15-20 min cameos