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RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion
RBI Governor Sanjay Malhotra says inflation control remains the foremost priority; FCNR(B) deposits and foreign investment in government securities have strengthened India’s external position
Pulse Bharat · Why it matters
Read the original at The Hindu · Business ↗
A stronger rupee, driven by foreign investment and deposits, signals improved India's external economic stability and reduced import costs.