Rupee support from FCNR(B) window could help stabilise travel costs, says Thomas Cook CEO

The Reserve Bank of India’s new FCNR(B) swap window could help stabilise travel costs, said Thomas Cook CEO Mahesh Iyer. "This is a welcome move - helping stabilise prices across leisure, business and incentive travel," he said. The scheme offers NRIs higher interest rates, which should help boost forex inflows.