Mishra said the FCNR scheme acts as a way to buy more time, effectively lengthening short-term currency hedges—which used to mature in three to six months—into three- to five-year commitments.  
Mishra said the FCNR scheme acts as a way to buy more time, effectively lengthening short-term currency hedges—which used to mature in three to six months—into three- to five-year commitments.  
<iframe src="https://hindustansphere.com/embed/cluster/1b6df4d30c7284a18b395d486ca91809e2187e68" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="FCNR has bought time; now let's transform how we finance our current account deficit: Neelkanth Mishra"></iframe>
Mishra said the FCNR scheme acts as a way to buy more time, effectively lengthening short-term currency hedges—which used to mature in three to six months—into three- to five-year commitments. &nbsp;
