Worried about rupee, government mulls tapping NRIs

An official, on conditions of anonimity, said India’s reserves position was comfortable and authorities could take measures such as tapping overseas and other moves to plug the current account gap. In 2013, the central bank lured inflows of about $34 billion through discounted foreign-currency swaps, helping lift the rupee from a record low.

from Times of India https://ift.tt/2x6ssb5