Bloomberg4:07 AM

India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee

India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee

India’s central bank is weighing a plan for state lenders to sell foreign-currency bonds, mulling a tool last used nearly three decades ago to draw capital inflows and shore up the beleaguered rupee, according to people familiar with the matter.

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India’s RBI Mulls New Move Using Foreign Bonds to Prop Up Rupee — Trace