India's central bank seeks dollar inflows as rupee falls
after close1 source ↓written by the desknot a recommendation
- in the rupee
- 5.5% decline
- record low
- ₹95.33 per dollar
- have decreased
- $728.5 billion
- in March
- $19 billion
India's central bank is exploring measures to mobilise dollar inflows to support its foreign exchange reserves amid a 5.5% decline in the rupee this year, which hit a record low of ₹95.33 per dollar. Foreign exchange reserves have decreased from $728.5 billion, with equity outflows reaching $19 billion in March and April. These discussions reflect the urgency to strengthen defenses against capital outflows.
Not investment advice. For informational purposes only.