The salaries of foreign exchange traders in India are expected to jump by up to 30 per cent this year, as the rising rupee stokes demand for hedging services and trading volumes swell.
Some traders are now earning as much as their counterparts in Asian centres like Singapore, and keeping experienced staff is increasingly expensive. Banks face turnover of up to a fifth of staff each year.
"Retention is the name of the game. Banks don't mind paying heavily for it. Treasury is making so much money that they don't mind sharing a bit of the profits," said Tzeitel Fernandes at human resources firm Hewitt Associates.
Read more in Financial Express
