Fixed Income And Currency Market

6 Dec 2020

RBI will have to let go of INR as capital flows surge

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RBI in its policy review last week said that surging capital flows has led to heavy USD purchases to prevent a sharp appreciation of the INR. USD purchases have led to huge liquidity infusion in the system. Fx reserves are at record highs and RBI fx intervention has resulted in addition of over Rs 2 trillion of liquidity.

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Ketan Verma
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