Tuesday, 11 September 2018

Govt plans NRI bonds: How will they help?

The RBI does have a number of instruments it can use to support the currency, including selling dollars in foreign-exchange markets and by raising interest rates.
Another tool at its disposal is to raise capital through NRI bonds, a measure implemented by the RBI during 2013 when rupee fell to 67.85. It has become a go-to in times of currency stress.
Find out what they are and how it will help here

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