interest rate
This query is : Resolved
Anish Jain
(Querist)
27 December 2008
it is my request to all the members that please elaborate how the interest rate is decided by the banks.
i came to know that if a exporter avail PCFC in foreign currency then the rate of interest is 5% to 6% and if it is availed in indian rupees then its rate of interest is 13% approximately. why it is so.
what are factors that affect interest rates.
i will be grateful for guidance in this respect.
anish jain
i came to know that if a exporter avail PCFC in foreign currency then the rate of interest is 5% to 6% and if it is availed in indian rupees then its rate of interest is 13% approximately. why it is so.
what are factors that affect interest rates.
i will be grateful for guidance in this respect.
anish jain
Anish Jain
(Querist)
27 December 2008
please elaborate on the above.
Anish Jain
(Querist)
27 December 2008
please elaborate
29 December 2008
mr. anish
interest rate is on PCFC in public sector banks is 8%, because firstly u purchase the dollar with some rate, hence the time period for PCFC would be 6 months, so there would be flucation, hence some time it gains buyer & some time its gains to banker, hence PCFC rate of interest is lesser.
regards
k.ravi
interest rate is on PCFC in public sector banks is 8%, because firstly u purchase the dollar with some rate, hence the time period for PCFC would be 6 months, so there would be flucation, hence some time it gains buyer & some time its gains to banker, hence PCFC rate of interest is lesser.
regards
k.ravi
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