Mumbai: RBI on June 5 announced a package of measures to support the rupee and manage external sector pressures, including expanding the fully accessible route to cover all new 15-year, 30-year, and 40-year government securities, removing investment concentration limits, easing equity investment norms for non-residents, extending such access to all individuals resident outside India, introducing concessional forex swaps, providing full hedging cost support for dealer banks raising FCNR(B) deposits, and restoring export realisation timelines to nine months after global volatility and weakness in emerging market currencies intensified.
Mayur Shetty is a Sr Editor at Times of India. He specializes in banking and finance, focusing on themes such as financial markets, personal finance, and credit health, while also covering emerging and global markets. Mayur's work has been featured in The Economic Times and Innovation & Tech Today.
