CLSA expects rupee at 93-94 per dollar; sees $30 billion FX inflows from RBI initiatives
The Indian rupee could strengthen to the 93-94 per US dollar range as recent policy measures by the Reserve Bank of India (RBI) and the government are expected to attract significant foreign exchange inflows, according to CLSA. The brokerage estimates that the latest initiatives could bring in at least $30 billion of incremental foreign capital, improving India's balance of payments…
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