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DAILY NEWS ANALYSIS
19 July, 2022
8 Min Read
STEP TO BOOST FOREX INFLOW
Recently, the Reserve Bank of India (RBI) has undertaken measures to increase forex inflows, amid the depreciation of the Indian rupee.
Why has the RBI taken Measures to Boost the Forex reserve?
What is a Forex Reserve?
Foreign exchange reserves are assets held on reserve by the Central Bank (RBI) in foreign currencies, which includes bonds, treasury bills, and other government securities.
Most foreign exchange reserves are held in US dollars. Other components of foreign exchange reserve includes:
What are the Measures to boost foreign reserves?
FPI is the route for foreign investment in India. It includes investments in shares of listed Indian companies, Non-Convertible Debentures, units of domestic Mutual Fund, Government Securities, Security Receipts, etc.
ECBs are loans in India made by non-resident lenders in foreign currency to Indian borrowers. It is used to facilitate access to foreign money by Indian corporations and public sector undertakings.
What are ECBs taken by Indian companies?
Why do Indian firms go for ECBs?
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Source: The Hindu
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