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The Economic Times

Economy / The Economic Times

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As PM Modi calls for conserving FX, what steps can India take?

India's Prime Minister Narendra Modi calls for conserving foreign exchange due to rising oil prices and a weakening rupee. The nation is exploring past measures to attract dollar inflows and curb outflows. These include encouraging diaspora deposits, easing capital account norms, and controlling imports.

11 May 2026 2:36 pm