The Indian rupee fell to 95.28 against the US dollar on Tuesday, breaching the 95/$ mark. This decline has led to speculation that the central bank may introduce new measures, potentially targeting Non-Resident Indians, to attract dollar deposits and bolster foreign exchange reserves.
Falling rupee triggers curbs on FX positions; more steps likely to attract dollar inflows
The Indian rupee fell to 95.28 against the US dollar on Tuesday, breaching the 95/$ mark. This decline has led to speculation that the central bank may int…
