Bigger India

Govt Mulls Tapping NRI Deposit Scheme to Lift Falling Rupee

This is the first time that the government has expressed concern about the declining rupee.

The finance ministry is looking at the NRI deposit scheme to encourage overseas Indians to invest in the country in a measure aimed to stabilise the falling rupee.

The rupee has been one of the worst-performing currencies in the emerging markets on persistent global headwinds and concerns on the macroeconomic front.

Read it at DNA

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