Chinese Yuan Against the Indian Rupee - CNY/IND
Posted in Business, Forex, China, India on February 5th, 2007 No Comments »
What kind of bizarre trade is this? Some are calling it the new carry trade. Bloomberg has an article describing the upsides and why it is less risky than many think.
Some reasons to take such a trade are the following:
China Yuan non-deliverable forward has an interest rate priced in at an extremely low […]