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3 hours ago

RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion

RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion

The Reserve Bank of India’s (RBI) recent measures to attract foreign capital have garnered strong investor response, with banks mobilising nearly $32 billion, largely through Foreign Currency Non-Resident (Bank) or FCNR(B) deposits, while... Read more.

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