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RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings
New measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx will support the Indian rupee. Reforms also target increased foreign investor participation in government securities. These coordinated efforts strengthen India's financial standing and global market integration.
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economictimes.indiatimes.com
Banks to be told to step up FCNR (B) deposits
Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign…
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thehindubusinessline.com
Rupee, bonds to extend rally on RBI's capital inflows salvo
RBI's new measures are set to boost the rupee and bond markets, enhancing inflows and easing rate hike fears.
