RBI relaxes rules to increase forex inflows
Shortpedia
Content Team
Image Credit: economic times
In response to the rupee's decline against the US dollar, the RBI on Wednesday further liberalised regulations to increase foreign exchange inflows, including doubling the borrowing limit under the ECB route. 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.
