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drishti current affairs magazine subscription Policy rate hike from RBI to curb domestic inflation. Forex market interventions to curb excess volatility and smoothen the rupees fall. Additional arrangement for invoicing payment and trade settlements between India and other countries in rupee terms. Higher interest rates on fresh Foreign Currency NonResident (Bank) [FCNR (B) and NonResident External (NRE) deposits. drishti current affairs magazine buy online Relaxation of the interest rate and amount ceiling for External Commercial Borrowing loans. Way Forward Strong fundamentals and positive economic outlook are the strengths of INR. But a free fall in the exchange rate can damage macroeconomic stability. Therefore it is vital that the rupee finds its level in line with its fundamentals in a least volatile manner.drishti current affairs magazine english
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