Government considering tapping NRIs to stem rupee fall

India is seeking to boost flows to support its currency that has declined more than 14 per cent against the dollar this year, Asia’s worst performer. The risk of a widening current-account deficit left the rupee vulnerable to the rout in emerging markets amid surging oil prices, trade tensions and rising US interest rates.

from Times of India https://ift.tt/2OMmh5S