U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS
MUMBAI, June 5 (Reuters) – India has undertaken a series of measures to attract more dollar inflows into the country, at a time when rising crude oil prices and record outflows from Indian equities have pushed the rupee to record lows.
Here are the details:
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All new issuances of 15-year, 30-year and 40-year government bonds will be a part of Fully Accessible Route
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Bonds under this category are part of three global indexes
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Limits on investment in other government securities will also be removed
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Limits for investments by Non-Resident Indians and Overseas Citizens of India are being increased, and extended to all individual persons residing outside India
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RBI will provide a facility of concessional forex swap for about four months till September 30
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RBI will also incentivise external commercial borrowings, by public sector undertakings
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RBI will allow a similar facility for bearing the full hedging cost till September 30 to banks for raising three to five year FCNRB deposits
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RBI will restore time for realisation for export proceeds to nine months
Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar
