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Currency Options, Base Rate, Powers of Time

You can trade currency options, says the RBI.

Banks ask for “sunset” clause on base rate. Don’t be fooled. They only want to attract people who earlier had “unchangeable” fixed rate loans into the base rate system, thus effectively changing that rate. Old “floating rate” customers – those linked to the BPLR – are a cash cow and therefore aren’t mentioned. Bankers: You took the risk. Now deal with it.

WSJ: People are skeptical despite the rally.

And a worthwhile video to watch: