A new report reveals the RBI’s strategic push to attract foreign capital as it lowers FY27 growth forecasts and flags rising inflation risks to the economy.
The Indian government has announced significant measures to attract foreign capital, including tax-free bond income and eased investment norms for global investors.
The RBI held the repo rate at 5.25% while launching a major push to attract foreign capital. Governor Sanjay Malhotra addressed inflation and growth concerns.
The RBI has introduced a concessional forex swap facility for PSUs until Sept 30 to boost foreign capital inflows and stabilize reserves amid global market volatility.