$32 billion inflows from India's forex drive yet to boost rupee
· economictimes.indiatimes.com
India's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupee or ease banking system liquidity. While borrowing costs have declined, the RBI's foreign currency assets have risen more slowly as markets await the full impact of the inflows.
Here are four charts to illustrate how the measures are showing up in various market metrics:
Muted Rupee
ETMarkets.com
Growth in foreign assets of RBI...