RBI, Govt Measures May Bring USD 35-40 Bn Inflows To Bridge BoP Gap: Yes Bank
New Delhi, June 8 -- A package of measures announced by the Reserve Bank of India (RBI) and the central government to attract foreign capital could bring in approximately USD 35-40 billion in inflows, enough to bridge India's anticipated balance of payments (BoP) gap in FY2026-27, according to a report by Yes Bank.
The report said the measures aim to attract foreign capital as India seeks to ease pressure on the rupee and stabilise its external position. Higher inflows would also bolster the RBI's forex reserves, giving the central bank more room to manage depreciation, ANI reported.
FCNR Deposits: The Largest Expected Source
The report identifies Foreign Currency Non-Resident - Bank, or FCNR(B) - deposits as the primary vehicle for at...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.