Tag: RBI forex measures
Posted in Economy
RBI steps in to support rupee as currency nears record low; tightens forex rules
The Reserve Bank of India has stepped in to support the rupee with a slew of measures as the currency continued to reel under pressure…
Posted in Economy
RBI’s FCNR, forex schemes draw $40.81 billion in inflows so far
MUMBAI: Steps by India’s central bank to draw more capital flows into the country and support the rupee have brought in $40.81 billion, according to…
Posted in Economy
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…