Amid Rising Inflation, RBI Announces Measures to Bolster Rupee, Foreign Investments

Amid Rising Inflation, RBI Announces Measures to Bolster Rupee, Foreign Investments

Category : Business

Author: Nob6 Team

Post Date :

[ad_1]

Mumbai: Amid rising inflation within the nation, the Reserve Financial institution of India (RBI) on Wednesday introduced a slew of measures to bolster the rupee and appeal to overseas investments. A few of these main measures embody relaxations on money reserve ratio (CRR) and statutory liquidity ratio (SLR) on incremental FCNR(B) and NRE time period deposits, easing guidelines for FPIs, and elevating limits on exterior borrowings.Additionally Learn – US Shares, Crude Oil Costs Fall As Markets Prolong Droop

Within the current previous, the Indian rupee was witnessing a downward pattern and has touched its all-time lows a number of occasions. The rupee has additionally hit its report low of 79.38 to a greenback on Tuesday. Additionally Learn – seventh Pay Fee Newest Information: DA Hike For Central Authorities Workers Quickly? Verify Particulars Right here

The RBI additionally introduced different measures to extend foreign exchange inflows together with briefly allowing banks to boost contemporary FCNR(B) and NRE deposits irrespective of the extant rules on rates of interest. Additionally Learn – This New Rule On Billing Cycle Will Assist Credit score Card Customers to Handle Funds Higher. Deets Right here

A number of the different measures introduced by the RBI additionally included permitting overseas buyers to put money into short-term company debt and permitting the acquisition of extra authorities securities below the absolutely accessible route.

The announcement of measures got here from the RBI simply days after the central authorities raised import duties on gold, other than growing levies on exports of petrol and diesel in an try to manage a fast-widening present account hole.

 The RBI has additionally determined to extend the restrict below the automated route from $750 million or its equal per monetary yr to $1.5 billion.



[ad_2]

Source link

Tags

cash reserve ratio, FCNR deposits, foreign exchange, foreign exchange inflows, foreign investment, FPI outflows, inflation, NRE deposits, RBI, RBI measures to control rupee fall, RBI steps on rupee, rupee fall

About Author

Nob6

Nob6 have a great team of writers and developers who are enthusiastic about delivering quality content focusing on 10,000 + users and loyal readers. 

Leave a Comment

Author : Nob6

Nob6.com: Nob6 Blog – The Complete blog for Blogging, Business, Money Making Tips, Startups, Webmaster, Guest posting, tips and tricks, and Technology News.

Join Us

Recommended Posts

Trickle Chargers Boosting Your Car's Battery Life

Trickle Chargers: Boosting Your Car’s Battery Life

Which Aspects of Business are Just as Important as Your Main Service

Which Aspects of Business are Just as Important as Your Main Service

What Needs To Be Arranged Before Moving Home

What Needs To Be Arranged Before Moving Home

From Manuscript to Masterpiece How Professional Book Printing Services Make the Difference

From Manuscript to Masterpiece: How Professional Book Printing Services Make the Difference

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Fundamental Factors Influencing WSM Coin: A Comprehensive Overview

Business team learning about what are contact center solutions and searching the best one

What Are Contact Center Solutions and How Do They Benefit Businesses?

The Best IT Recruitment Agency in UK

The Best IT Recruitment Agency in UK