FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report
The Economic Times has reported a new India-focused economy development: “FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: Report.” The publisher's feed describes the story as follows: Foreign currency non-resident inflows have significantly bolstered rupee stability and India's balance of payments. However, the current support from these inflows may not suffice for long-term external stability. Foreign institutional investor flows are crucial for maintaining
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