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The Economic Times

Global Business / The Economic Times

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India explores steps to mobilise dollar inflows as rupee slides, sources say

India's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabilize the rupee. Measures under consideration include reviving a deposit scheme for non-resident Indians and removing withholding tax on overseas government bond investors. These steps are being explored amid rising oil prices and capital outflows.

4 May 2026 1:29 pm