Reuters: Money News: Banks could raise up to $10 billion from Indians abroad: analysts

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Banks could raise up to $10 billion from Indians abroad: analysts Sep 5th 2013, 05:42 Reuters Market Eye - The move by the Reserve Bank of India (RBI) to offer concessional swap rates to banks to raise dollar deposits from non-resident Indians could raise up to $8-$10 billion, Bank of America-Merrill Lynch says, as it removes the currency risk away from banks or citizens abroad.

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