RBI considers foreign currency bonds to support rupee
pre-market1 source ↓written by the desknot a recommendation
- against the dollar
- ₹85.50
- this year
- 3%
The Reserve Bank of India is exploring options to attract more US Dollar inflows, including foreign currency bonds from state-owned banks. This move aims to support the rupee, which has weakened to around ₹85.50 against the dollar, down nearly 3% this year. A successful implementation could stabilize the currency in the short term, but sustained strength depends on improved capital inflows.
Not investment advice. For informational purposes only.