RBI unveils steps to spice up overseas alternate inflows to arrest rupee fall – The Financial Instances Video

Reserve Financial institution of India (RBI) on Wednesday raised abroad borrowing limits for corporations and liberalised norms for overseas investments in authorities bonds because it introduced a slew of measures to spice up overseas alternate inflows in efforts to curb the autumn of the rupee. Unveiling measures quickly after the shut of economic markets on Wednesday, the central financial institution mentioned that every one capital flows barring portfolio investments stay steady and an sufficient stage of reserves gives a buffer towards exterior shocks.