Tag: attract

[ad_1] (This story originally appeared in . on July 07, 2022) MUMBAI: To offset multi-billion dollar outflows due to sell-offs and record trade losses by foreign portfolio investors (FPIs), reserve Bank of India Steps have been taken to boost credit flow. This step has been taken amidst the fall of the rupee to a record low. However, on Wednesday, the rupee closed with a gain of 7 paise at 79.30. as a temporary measure to attract CapitalRBI has allowed banks to give higher returns on foreign currency deposits, on which…