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Govt considering tapping NRIs to stem rupee fall
Govt considering tapping NRIs to stem rupee fall
In a bid to boost flows to support Rupee that has declined more than 14% against the dollar this year, the govt officials and the RBI are discussing a plan to raise money from non-resident Indians. In the past too, the govt has resorted to bond sales and dollar deposits to overseas Indians to attract foreign funds and ward off pressure on the rupee.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OMmh5S
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OMmh5S
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