Exchange risk in case of foreign currency Non Resident (Banks)scheme (FCNB) is borne by
A)rbi
B)depositor
C)govt.of india
D)concerned bank

Name: Exchange risk in case of foreign currency Non Resident (Banks)scheme (FCNB) is borne by A)rbi B)depositor C)govt.of india D)concerned bank
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Question

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The exchange risk in the FCNB scheme is borne by the concerned bank, as they are responsible for managing the foreign currency deposits and any associated risks.

Exchange Risk in Case of Foreign Currency Non Resident (Banks)scheme