RBI measures may ease rupee pressure, boost BoP surplus
pre-market1 source ↓written by the desknot a recommendation
India's balance of payments could shift to a small surplus due to recent measures by the RBI and government, as noted in HDFC's July report. The RBI's decision to cover hedging costs for FCNR(B) deposits could attract USD 40-60 billion in inflows, easing pressure on the rupee. As of July 17, USD 17 billion has already been mobilized under this initiative.
Not investment advice. For informational purposes only.