A $32 billion boost that barely moved the Rupee
Synopsis India's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupee or ease banking
Synopsis India's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupee or ease banking system liquidity. While borrowing costs have declined, the RBI's foreign currency assets have risen more slowly as markets await the full impact of the inflows.
The BriefWire