FCNR(B) Deposits & RBI Forex Swap 2026 Explained | Who Bears Forex Risk? | Vajiram and Ravi

For Course queries, click here: https://forms.gle/4uMBphC4to4EoiZh6 FCNR(B) Deposits Explained | Who Really Bears the Foreign Exchange Risk? When an NRI deposits dollars in an Indian bank, they are protected from rupee depreciation. But who bears the currency risk - the bank, RBI, or someone else? In this episode of Perspective Series, we explore how FCNR(B) deposits work, their role during the 2013 Taper Tantrum, RBI's foreign exchange swap mechanism, and how currency hedging transfers risk across the financial system. Understand the connection between FCNR(B), India's forex reserves, rupee depreciation, and RBI's exchange-rate management through simple examples and historical context. 🎯 Relevant for UPSC CSE GS Paper III, RBI Grade B, and economics enthusiasts. 💬 Can financial engineering eliminate risk, or does it merely transfer it? Share your thoughts! #FCNR #RBI #IndianEconomy #FCNRDeposits #ForexRisk #ForeignExchange #CurrencyHedging #RBIPolicy #RupeeDepreciation #ForexReserves #TaperTantrum #UPSC2027 #UPSCPreparation #EconomicsExplained #PerspectiveSeries Vajiram And Ravi Important Courses: 👉 UPSC GS Coaching - https://vajiramandravi.com/courses/up... 👉 UPSC GS 2-Year Fledgling Prelims & Mains Programme - https://vajiramandravi.com/courses/2-... 👉 UPSC Economics Module for General Studies- https://vajiramandravi.com/courses/up... 👉 UPSC Module Courses (SMART Current Affairs, Ethics and Ranker's Program) - https://vajiramandravi.com/courses/up... 👉 UPSC Optional Enrichment Courses- https://vajiramandravi.com/courses/up... 👉 UPSC Optional Subject Crash Course- https://vajiramandravi.com/courses/up... 👉 UPSC IFoS Coaching- https://vajiramandravi.com/courses/up... 👉 UPSC Mentorship Program - https://vajiramandravi.com/courses/me... 👉 SMART Current Affairs Program - https://vajiramandravi.com/courses/up... 👉 UPSC Interview Guidance Program - https://vajiramandravi.com/courses/in... 👉 UPSC Prelims Test Series - https://vajiramandravi.com/courses/pr... 👉 UPSC Mains Test Series - https://vajiramandravi.com/courses/ma... 👉 UPSC Optional Coaching - https://vajiramandravi.com/courses/up... ----------------------------------------------------------------------------- Vajiram And Ravi Most Popular Series For UPSC Preparation: 👉 Vajiram and Ravi Flash News -    • FLASH NEWS   👉 Vajiram and Ravi UPSC CSE 2024 Toppers' interactions-    • UPSC CSE 2024 TOPPERS   👉 Vajiram And Ravi Perspective -    • VAJIRAM AND RAVI PERSPECTIVE   👉 Vajiram And Ravi Simplified -    • Vajiram and Ravi Simplified   👉 Vajiram And Ravi : The Analyst -    • VAJIRAM AND RAVI: THE ANALYST   👉 Vajiram And Ravi Podcast -    • Vajiram And Ravi Podcast   👉 UPSC Topper Interview -    • UPSC CSE 2023 Toppers Talk   ----------------------------------------------------------------------------- Our Social Media Handles: 👉 YouTube - https://www.youtube.com/c/vajiramandr... 👉 Instagram - https://www.instagram.com/vajiramandr... 👉 Facebook - https://www.facebook.com/vajiramandra... 👉 WhatsApp - https://whatsapp.com/channel/0029Va5K... 👉 LinkedIn -   / vajiram-and-ravi   👉 Telegram - https://t.me/vajiramandraviofficial ----------------------------------------------------------------------------- About Vajiram And Ravi: M/S Vajiram & Ravi is India’s well-known Institute and the Best IAS Coaching in India preparing candidates for the Civil Services Examination at all three levels – UPSC Preliminary Test, UPSC Main Examination and Personality Test. Since its inception, the Institute has helped over 5000 students to enter the Civil Services including IAS, IFS, IPS and other Central Services. To know about our upcoming courses, visit https://vajiramandravi.com/ For Daily News, CA MCQs & Mains Answer Writing, visit: https://vajiramias.com/ For queries, contact us at Delhi: 080-6220-6330, Chennai: 080-6220-6333 or email us at online@vajiramandravi.com #upsc #upscprelims #upsc2027 #IAS