That’s okay. The innovation process demands that researchers have the intellectual space to explore ideas. Third, it’s not all about us. The Bank’s culture emphasizes sharing our knowledge. Few people know that we provide technical assistance to other central banks. Our assistance spans the globe and runs the gamut of issues, from economic models to bank note quality inspection to business continuity.
Coming to currency risk, fortunately, home loan borrowers in the Asia-Pacific region and India, in particular, are not exposed to exchange rate risks as borrowings are in domestic currency. Another area of product innovation could be deposit linked home loan products.