RBI steps lead to $41 billion foreign inflow in two months
India saw $40.81 billion in foreign capital arrive within two months of the Reserve Bank of India implementing steps to bolster the rupee and boost international fundraising. The majority of this amount, totaling $36.7 billion, was funneled through foreign currency non-resident (FCNR) accounts. Additionally, the RBI brought in capital through external commercial borrowings and foreign currency loans secured by authorized lenders.
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