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India may have brokered a rupee truce, but hasn't won peace yet
India has unveiled a package aimed at supporting the rupee without resorting to capital controls, a move seen as more market-friendly than during the 2013 currency crisis when overseas remittance limits were tightened. Instead, authorities are encouraging state-owned firms and banks to raise dollars abroad and bring them back to India, while offering concessions on hedging costs.
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RBI's reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
The RBI's recent announcements are expected to attract substantial foreign capital, potentially strengthening the rupee. Analysts anticipate the monetary policy committee will…
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India may have brokered a rupee truce, but hasn't won peace yet
India has unveiled a package aimed at supporting the rupee without resorting to capital controls, a move seen as more market-friendly than during the 2013 currency crisis when…
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