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RBI forex measures to impact flow positively: Economic Affairs Secy
short by Ananya Goyal / on Thursday, 7 July, 2022
Economic Affairs Secretary Ajay Seth on Thursday said the measures announced by the RBI on Wednesday to enhance foreign exchange inflows will have a "positive" impact on flows. "In the overseas NDF (non-deliverable forwards) market, the rupee has appreciated," he stated. This comes after the rupee hit an all-time low of 79.37 against the US dollar on Tuesday.
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