From tax waivers to free hedges, RBI & govt join hands to boost Rupee

MUMBAI: In a coordinated move, govt and RBI Friday rolled out a clutch of measures aimed at attracting foreign portfolio investors and non-resident funds to govt bonds and bank deposits. The strategy is as much about sentiment as it is about flows: signalling openness, easing friction, and offering a small subsidy from RBI in the form of free insurance cover to banks against rupee depreciation.

Discussion

0 comments

Replying to cancel

GIF Post

Powered by

More from Times of India

‘I don't care who we're leaving out': Vaibhav Sooryavanshi backed for India debut

Times of India·2

SC: Can’t use OSA to deny accused access to documents relied on by prosecution

Times of India·13

Bangladesh border guards, BSF accuse each other of push-in attempts

Times of India·12

Oman suspends crude loading after explosion at key oil export terminal

Times of India·14

Putin's word of caution on India-China ties; rejects notion that Pakistan is under Beijing's control

Times of India·18

Days after taking oath, 'humilated' Ramalinga Reddy quits Karnataka cabinet; cites 'DKS U-turn'

Times of India·19