India's central bank way in with measures to enhance forex inrushes
MUMBAI
The Reserve Bank of India said on Wednesday it would take measures to enhance foreign exchange inrushes, including letting foreign investors invest in short- term commercial debt and allowing the purchase of further government securities under the completely accessible route.
RBI said it has been covering the liquidity conditions in the foreign exchange request and has stepped in as demanded to palliate the bone
miserliness with the ideal of icing orderly request functioning.
"It has been decided to take overmeasures.to enhance forex inrushes while icing overall macroeconomic and fiscal stability," the RBI said in its release.
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