Journalist Spotlight: Vidya Ranganathan reveals how she scored Indian dollar deposits exclusive
On Monday, Reuters reported exclusively that foreign banks are pushing to raise billions of dollars from expatriate Indians in response to New Delhi’s drive to defend its weak currency.
The story, by Vidya Ranganathan, revealed that banks are offering upfront financing for wealthy non-resident Indians (NRIs) to set up dollar deposits in India following various central bank incentives, including cheap dollar/rupee swap rates.
In a Reuters Best: Journalist Spotlight Q&A, Vidya, Reuters deputy editor of financial markets in Asia, offers an inside look at the reporting behind her scoop. Check out the full interview here.