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Good point about INdian inflation rate. Indeed, interest-bearing investments are always baselined relative to inflation rate.

As I'm paid in U.S. dollars and the rupee has been rising, this could be my version of a carry trade where my U.S. dollars earn 9.5% interest on top of currency appreciation.

Anyway, there's currently a snafu in my company payroll so I'm lucky just to scare up a few hundred rupees for food!

Thanks for the good advice and insight into banking in my new home.

A
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