Economic TimesLean R·
RBI's dollar inflow measures buy time, but external risks remain
Mumbai: The success of the Reserve Bank of India's June measures to attract foreign currency inflows will hinge on whether the country can strengthen its balance of payments (BoP) over the next three to five years, economists said, warning that these steps only defer external sector risks.The central bank earlier this month offered a concessional swap facility for external commercial borrowings (ECBs) and foreign currency non-resident bank (FCNR[B]) deposits to attract dollar inflows amid a sha…
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