The Reserve Bank of India’s strategy to shift some of its currency intervention to the forwards market is adding to its problems. Its balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds, prompting a vicious cycle of interventions.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OuG9Mq
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