Can BRICS swaps save the rupee copy Courtesy: Flickr/t3rmin4t0r
1 June 2012

The case for BRICS swaps

Banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap. Though certain geopolitical risks are involved, could this free India from unpredictable currency fluctuations?