RBI’s Forex Inflow Measures Greeted With Skepticism Offshore
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The rupee rallied after the Reserve Bank of India’s move to boost foreign-exchange inflows, but offshore bond investors are more skeptical about the benefits of the steps.
A raft of measures the central bank announced late Wednesday aimed at supporting the flagging rupee included steps to make it easier for local firms to secure funds offshore, such as doubling the amount that firms can raise in overseas debt without seeking permission.