'ways in which we want to strengthen having forign currencies coming into India are very many and RBI and the ministry are fairly engaged in it,' Nirmala Sitharaman said, The Indian government and the Reserve Bank of India are looking at ways to boost inflows into the country, the finance minister said on August 2. “Ways in which we want to strengthen having foreign currencies coming into India are very many and RBI and the ministry are fairly engaged in it,” Nirmala Sitharaman said in the upper house of parliament in response to a lawmaker's question. "There are discussions between the government and the RBI to see how best we can have various different similar such schemes through which we are able to draw foreign remittances directly," the minister said, but added the final call would rest with the central bank. Rupee finding its natural course The minister added that the rupee, that has fallen o...
Investing update is your shortcut financial freedom. We analyze and compare tools to help you make the best decisions for your personal financial situation. It's about you becoming a better investor and entrepreneur. Blog post on investing, economy, market research, stocks, trading strategies, currency, commodities and real estate.