India, April 8 -- After a series of destructive, aggressive, and unexpected moves to curb speculation and manipulation in the rupee, the Reserve Bank of India (RBI) may take several constructive steps today. As it announces another round of monetary policy, experts contend that the central bank will aim to boost the foreign exchange reserves, which are hit by huge outflows from equities, and other assets, high trade deficits, and strong dollar. One of the major moves may include incentives to push non-residents to remit more money to India. In the recent past, according to media reports, non-resident deposits declined by a fourth to just over $14 billion in the first 10 months of the last financial year (2025-26). The worst hit was one of...
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