Can a Raghuram Rajan-style NRI dollar-deposit scheme save the rupee?
In 2013, the FCNR (B) scheme mobilised a critical $26 billion.
The rupee’s fall was arrested, and the currency clawed its way back.
Should India walk on the same path again?
India Holds Rates Amid Iran War
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- Fuel Shocks, Rising Prices Threaten India’s Consumption Growth Bloomberg —
- India’s Central Bank Holds Rates as Iran Crisis Keeps Risks High Wall Street Journal —
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