RBI unveils measures to curb rupee slump, boost forex inflows

The Reserve Bank of India (RBI) on Wednesday unveiled fresh measures to stabilise the rupee, which touched multiple record lows against the US dollar. According to a statement released by the central bank, the overseas borrowing limit for companies has been raised. It also liberalised norms for foreign investments in government bonds, in a bid to increase foreign exchange inflows into the country.

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