简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In a statement, the central bank said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its segments to alleviate dollar tightness with the objective of ensuring orderly market functioning.
Reserve Bank of India (RBI) on Wednesday further liberalised norms to boost inflows of foreign exchange, including doubling the borrowing limit under the ECB route, amid the rupee falling against the US dollar.
In a statement, the central bank said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its segments to alleviate dollar tightness with the objective of ensuring orderly market functioning.
The measures taken by the central bank comes in the backdrop of rupee depreciating by 4.1 per cent against the US dollar during the current financial year so far (up to July 5) amid the ongoing geopolitical tensions.
“In order to further diversify and expand the sources of forex funding so as to mitigate volatility and dampen global spillovers”, the central bank said it has decided to undertake five measures to enhance forex inflows while ensuring overall macroeconomic and financial stability.
The measures include easing norms for FPI investment in debt market, and increasing the External Commercial Borrowing (ECB) limit under the automatic route from USD 750 million or its equivalent per financial year to USD 1.5 billion.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Mastercard launches local e-commerce payment infrastructure in Saudi Arabia, accelerating the Kingdom’s digital transformation and secure payment solutions.
MetaQuotes announces the end of support for older MT4 and MT5 versions by December 1, 2024. Forex traders must update to continue platform connectivity.
Forex trading in the Philippines is halted, and schools are shut as Tropical Storm Kristine (Trami) approaches Luzon. Residents brace for strong winds, heavy rains, and storm surges.
SEC charges Unisys, Avaya, Check Point, and Mimecast for misleading disclosures in the 2020 SolarWinds breach. Fines highlight cybersecurity risks and disclosure violations.