RBI measures can help rupee outperform peers in emerging markets: Experts
Earlier today, RBI announced five measures to enhance foreign exchange inflows.
Source: businesstoday.in
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Earlier today, RBI announced five measures to enhance foreign exchange inflows.
New tax rates would be applicable from July 18
On the interbank forex market on Friday, the rupee opened 5 paise lower at 79.11 against the US dollar.
The rupee declined for a third straight quarter versus the US dollar while the benchmark 10-year bond yield spiked for a fourth quarter as concerns over sustained inflation and continuing foreign fund outflows weighed.
The rupee was market-determined, but the RBI would not allow