RBI announces host of measures to support rupee
The Reserve Bank of India has unveiled a multi-pronged strategy to bolster the rupee and manage external economic pressures. Key measures include expanding access to long-term government bonds, easing foreign investment in equities, and offering concessional forex swaps. These initiatives aim to attract foreign capital, enhance market depth, and improve foreign exchange liquidity, while export realization timelines have been tightened.
The Reserve Bank of India has unveiled a multi-pronged strategy to bolster the rupee and manage external economic pressures. Key measures include expanding access to long-term government bonds, easing foreign investment in equities, and offering concessional forex swaps. These initiatives aim to attract foreign capital, enhance market depth, and improve foreign exchange liquidity, while export realization timelines have been tightened.
