New Delhi, Aug. 4 -- The special USD-Rupee forex swap facility introduced by the Reserve Bank of India allowing banks to mobilize tax-free Foreign Currency Non-Resident [FCNR(B)] deposits from Non-Resident Indians (NRIs) at higher interest rates could boost forex inflows by offering NRIs interest rates of up to 7.1 per cent on long term USD deposits and helping support the rupee and travel cost according to Mahesh Iyer - Managing Director & CEO, Thomas Cook (India) Limited.

Iyer noted that the cost of international travel is linked directly to input costs and the relative value of the Rupee. "This is a welcome move - helping stabilize prices across leisure, business and incentive travel besides our Forex business," he said.

"Under the n...