Arbitraging on NRI deposits
Wednesday, January 18, 2012
In a fancily aggressive workaround suggested in the DNA India rticle, NRI depositors can seemingly borrow from global banks near residence at rates between 2%-6% based on their location to deploy in NRE / NRO deposits back in India at 9-10% and return the capital.
Sounds a little risque, eh! ( risky is fine too, but I 'd still say risque, and pretty poor fun at that)
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