Government pushes banks to increase forex inflows as rupee struggles
According to a Moneycontrol report, the government is encouraging banks and financial entities to ramp up foreign exchange inflows. The Finance Minister is scheduled to hold discussions with public sector banks, IDBI Bank, and various public financial institutions regarding this matter. This initiative follows ongoing pressure on the rupee and a recent drop in forex reserves, which was triggered by the conflict in West Asia.
by shortkt.com✓