Why is Japan indulging in such a deal with India against INR exchange?
— Nandini Tandon (@_inidnan) November 2, 2018
Because Japan will get Rate of Interest on its otherwise idle USD Reserves. It already enjoys surplus forex reserves, so why not give it as a 3-year loan to India in exchange of ROI + equivalent INR!
via Twitter https://twitter.com/_inidnan
November 02, 2018 at 03:56PM
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