Rupee gains from FCNR (B) boost reverse in September amid higher crude oil prices: RBI bulletin
· livemint.com
The Indian rupee, previously buoyed by FCNR(B) deposits, depreciated as crude oil prices rose. Will the pressure on INR ease in the near future? Here's what RBI DG said in an article published in the central bank's bulletin.
The Indian rupee’s gains earlier in September, supported by FCNR (B) deposit flows under the Reserve Bank of India’s concessional swap window, were reversed...