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India’s Central Bank Bids to Boost Forex Inflows – Mint

The RBI is bringing in several new measures to help increase its flow of foreign exchange as the Indian currency continues to struggle

India's central bank has opened 9 accounts to facilitate trade between India and Russia.
The Reserve Bank of India approved 9 special accounts with Uco bank and three Russian banks to permit trade in rupees. Reuters file photo.


India’s central bank has opened the door to more foreign investment in the country in an effort to revive the struggling rupee which plummeted to new lows this month, according to a report by Mint.

The Reserve Bank of India announced a raft of new measures to increase forex inflows on Wednesday including allowing foreigners to invest in short-term corporate debt, the report said. “Emerging market economies are facing persistent downward pressures on their currencies,” the RBI said.

Full story: Mint


  • By Sean O’Meara


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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.


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