India Data

India’s july-september current account balance at -2.9 pct of GDP India’s july-september balance of payments $-1.9 bln India’s july-september current account balance $-19.1 bln India’s july-september current merchandise trade balance $-50.0 bln

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Recent INR Measures : Quick Takes

The government announced some weekend measures to support the INR. These are largely to do with relaxations around external commercial borrowing (ECB), foreign portfolio investor (FPIs) holding concentration, and masala bonds. By themselves the measures have largely underwhelmed as reflected in the sharp depreciation in the INR on Monday morning. The other (unrelated) material development…

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