New Delhi, June 12 (IANS) The Reserve Bank of India’s (RBI) latest measures to boost foreign currency inflows are expected to strengthen the country’s forex reserves, improve banking system liquidity and support the rupee, with total inflows estimated at $40–50 billion in FY27, a report showed on Friday.As per an analysis by Motilal Oswal Financial Services Ltd (MOFSL), banks could benefit from a reduction of around 200–250 basis points in borrowing costs through the ECB route under the …
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